Reverse Mortgages Calgary – Best Mortgage Rates in Calgary

So the standard idea of mortgages is that the bank lends you money and you pay it back over the next 25 years at a rate that is renewed every 5 or 10 years and if everything works out you will pay that off by the time you die. The origin of the word mortgage pretty much says it all as it originates from the old French words meaning death pledge. But what happens if you pay off your house and you’re still alive?

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