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Posted by Canadianhomemortgages.com on June 18, 2006, 12:43 am
Seniors have various options to supplement their income if they own a
home.Reverse mortgages are costly and tenants can be a bother, but
these choices may suit someone who has the will and stamina to maintain
the family home late in life.Others may simply choose to sell their
home and invest the proceeds to help support themselves, say in an
apartment or a residence that supplies meal service and nursing
care.The amount of capital that will ultimately be available for heirs
will depend on how long the last surviving spouse lives, and how much
supplementary income he or she will require as time passes.
For more info visit www.canadianhomemortgages.com and save your money
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