Government of Saskatchewan
Wednesday, April 26, 2017
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Reverse Mortgages: Consultation Paper (2006)
Description:

Reverse mortgages allow senior citizens to use equity in their homes while remaining in the home. The interest is allowed to accumulate, and is paid off when the person dies or leaves the home. There are various benefits and drawbacks to reverse mortgages. The Commission looks at regulation of these loans including the need for full disclosure and independent advice and counselling.


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