Reverse Mortgage Myths Episode 1 Who Really Owns Your Home [9M3U4sfl1Uj]
Does the bank own your home if you get a reverse mortgage? It's one of the biggest misconceptions I hear from Ontario homeowners. In this first episode of Reverse Mortgage Myths, I explain what actually happens when you take out a reverse mortgage, who owns the home, and why so many people have been misinformed. If you're considering a reverse mortgage or simply want the facts, this series is designed to answer the questions homeowners ask me every day. In this episode: Who owns your home after a reverse mortgage? How title to your property works The difference between ownership and a registered mortgage The truth behind one of the most common reverse mortgage myths