Senior citizens who have substantial amounts of equity in their home can apply for a reverse mortgage. (madisonmortgageguys.com)
That's because homeowners — by far the majority of households in Canada — have a substantial amount of equity they can bring to the purchase of a residential property. (canadianbusiness.com)
Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs. (reverse.org)