Mortgage Blog

Reverse Mortgage Specialist - Elder Planning Counselor - Barrie, Orillia, Collingwood and Georgian Bay Areas

Dec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

Dec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

December 9, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...

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Preparing For Retirement Using Your Home Equity - Georgian Bay area residents

Preparing For Retirement Using Your Home Equity - Georgian Bay area residents

September 22, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

Are You Prepared for Retirement Financially?Preparing for retirement is no easy task. While most of us look forward to the freedom it brings, a surprising number of us aren’t prepared financiall ...

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Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

September 9, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

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Strengthen Your Healthcare Budget with Reverse Mortgage

Strengthen Your Healthcare Budget with Reverse Mortgage

September 8, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

A Reverse Mortgage will help cover you between CRA medical expenses claims Although you may be able to make the most of your CRA allowable medical expenses by claiming credits for them through your p ...

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How Home Care Can Help You Stay in Your Barrie, Orillia, Collingwood area Home

How Home Care Can Help You Stay in Your Barrie, Orillia, Collingwood area Home

August 4, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

If you’re like most people in and around the Barrie, Orillia, Collingwood, Wasaga Beach areas, according to this Ipsos survey, you’ll want to stay in your home during your retirement. Afte ...

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Canadian Reverse Mortgages – Impact On Canadian Heirs

Canadian Reverse Mortgages – Impact On Canadian Heirs

July 17, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

How do Reverse Mortgages Affect Canadian Heirs?For Canadian seniors, there is a great way to get the most out of the equity in their home. Home prices tend to rise and equity builds in the property. H ...

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Reverse Mortgages for Healthcare purposes in Barrie, Collingwood, Orillia and outlying areas

Reverse Mortgages for Healthcare purposes in Barrie, Collingwood, Orillia and outlying areas

July 12, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

Healthcare costs for aging Canadians is a topic that many retirees have underestimated. In fact, in the 2014 Sun Life Canadian Health Index, 44% of Canadians didn’t expect to pay anything for me ...

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Outliving your retirement Funds for people in Barrie, Collingwood, Orillia and surrounding areas

Outliving your retirement Funds for people in Barrie, Collingwood, Orillia and surrounding areas

June 30, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

The cost of living in Canada has risen by almost 18% since 2007, according to the Statistics Canada Consumer Price Index. Over that same period, many Canadian’s age 65+ income has remained the s ...

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55 or older? Own Your Own Home? Put your home equity to work for you now

55 or older? Own Your Own Home? Put your home equity to work for you now

June 19, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

Like most people in the Barrie, Orillia, Wasaga Beach, Midhurst and surrounding areas over 55, your home is your largest asset and part of your retirement plan. You could wait until then to enjoy the ...

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What is the true cost of a Reverse Mortgage for people in Barrie, Collingwood, Orillia

What is the true cost of a Reverse Mortgage for people in Barrie, Collingwood, Orillia

June 17, 2020 | Posted by: Vince Savoia - Barrie, Orillia, Collingwood, Wasaga Beach and Surrounding area Reverse Mortgage Specialist

Reverse mortgages are commonly mistaken for charging a lot of upfront costs. In reality, the CHIP Reverse Mortgage has many of the same costs as a regular mortgage in Canada.Interest RatesReverse mort ...

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