Have Your Home and Money Too: The Canadian Guide to Home Equity Management, Reverse Mortgages, and Other Innovative Housing Options

by P.J. Wade

For most Canadians, their home is their single largest financial asset, but few realize its significance in their financial or retirement planning. As a result many people face the "age-in-place or sell-the-place" dilemma-- whether to live house-rich and cash-poor, or to sell the house and convert home equity into investments, travel, or income. But there are more choices than that.... Today's marketplace offers many options for tapping into home equity, and Have your Home and Money Too is the indispensable guide to putting your real estate to work for you and your future. This easy-to-read "portable counsellor": Clarifies a wide range of housing and financial options, including: selling and buying, reverse mortgages, deferral and sale plans, home-based businesses, renting out part of your house, and much more. Reveals the ins-and-outs of contracts and selecting good advisers. Explains why a reverse mortgage can be your best friend or your worst enemy. Have Your Home and Money Too is the definitive guide to reverse mortgages: what they are, whether they're right for you, what to beware of, what alternatives you have, and more. Includes many checklists, examples, and Q&As to guide the reader through the decision-making process.

• Format: Paperback
• Language: English
• ISBN: 0471644005
• ISBN13: 9780471644002
• Release Date: August 1999
• Publisher: Wiley
• Length: 288 Pages