Reverse Mortgage Facts | Toronto Real Estate Blog

Reverse Mortgage Facts

reverse-mortgagesNoteworthy reverse mortgage stats from the Globe’s Rob Carrick:

  • 36% — Average amount of home equity borrowed with a reverse mortgage
  • 50% — Average equity remaining when a reverse mortgage holder sells his/her home
  • 72 — Average age of a reverse mortgage customer
  • 55 — Minimum age to get a reverse mortgage
  • 12 — Average number of years people remain in their homes after getting a reverse mortgage

 

Advertisements

About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: