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Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power

Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the country. That’s good news for Canada’s 7.5 million home owners,...

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Forclosures Have Met Their Match… Reverse Mortgages

Forclosures Have Met Their Match… Reverse Mortgages Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing and banking industry with the affects being felt by...