Myth: The lender owns your home.

Fact: You remain the owner of your home. All you are required to do is pay your property taxes and any other maintenance fees required as well as maintain your property and be sure to have proper fire insurance.


 
Myth: You will have to pay taxes on the money you get from the Canadian Home Income Plan or any reverse mortgage in Canada.

Fact: In Canada the money that you receive from the Canadian Home Income Plan or any reverse mortgage in Canada does not qualify a...

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