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Canadian Seniors Are Racking Up Reverse Mortgage Debt At A Rapid Rate

Canadian homeowners aren’t shy about cashing in on their windfall, especially seniors. Regulatory filings with OSFI, Canada’s bank regulator, show reverse mortgage debt surged in November. Despite rising interest rates, seniors haven’t slowed down on the rush to cash out some of their home equity windfall. In fact, reverse mortgage debt has recently surged in […]

The post Canadian Seniors Are Racking Up Reverse Mortgage Debt At A Rapid Rate appeared first on Better Dwelling.

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