It might surprise you to learn that a full 70% of first-time homeowners don’t make it to the end of their five-year term before deciding to move. On average, a first-time owner will last about three and half years. You may be wondering how they manage to break their mortgage term without taking on a [...]
Many Canadians have heard of CHIP or the Canadian Home Income Plan, but most aren’t exactly sure what the program is, how it works, or if it’s a good idea. A reverse mortgage like CHIP is a type of home loan that provides lump or regular payments based on home equity. It’s important to remember [...]
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