Is actually a face-to-face financial smart inside Canada? You really must be good Canadian homeowner Be no less than 55 or earlier The house must be much of your house Agree to have your possessions appraised to decide its economy worthy of Keep the home during the good condition and become most recent for the taxes and you can insurance policies Understand that all the some one on the title to have the house or property need certainly to meet these criteria. Realization For some Canadian people, an opposing financial would be a proper answer to discover the brand new wealth within their possessions and you may boost their earnings during the senior years. To your present increase in home prices, now’s a maximum time for you to control your property collateral. But not, meticulously given the professionals and costs inside it is crucial. Discuss the choices with a trusted economic elite group who’ll assist your assess if or not an opposite mortgage aligns together with your large-photo desires. Did you know more than twenty-five% out-of Canadians old 55 and you will old are considering a face-to-face financial?