A reverse mortgage is a solution that’s designed for Canadian homeowners above the age of 55. The goal of this mortgage is to help a homeowner turn their equity into cash which is tax-free and without the ongoing requirement of monthly mortgage payments. Sometimes you need to put in reverse before you can conquer the road ahead!

Just like there are different types of apples, there are different types of mortgages in Canada.  When it comes to mortgage types, there may not be 7500 types like them apples however, there are nine different options we look at in this mortgage blog. Some are a little sour and some are sweet but all in all, there is a little something for many mortgage shoppers. Let’s take a closer look at what is the best type of mortgage to get in Canada