Blog Article

Friday, 17 January 2020

By Shawn Stillman

Shawn Stillman Quoted on WealthProfessional.ca – Doors open for stronger reverse-mortgage use in Canada

 

https://www.wealthprofessional.ca/news/industry-news/doors-open-for-stronger-reverse-mortgage-use-in-canada/324942

The costs of taking on a reverse mortgage may also be unclear to seniors. “When they think of their cash flow, they’re not going to get kicked out of their house, but in reality, it really has the ability to erode the asset of the borrower,” Shawn Stillman, a broker at Toronto-based Mortgage Outlet, told the news outlet.