The Reverse Mortgage Math Nobody Shows You

Could a $200,000 reverse mortgage turn into nearly $1 million? Most Canadians are told the benefits of a reverse mortgage: no monthly payments, tax-free cash, and the ability to stay in your home. But there's one part of the math many homeowners never see. In this video, I break down exactly how reverse mortgages work, how compound interest can dramatically increase the balance over time, and what that could mean for your estate and your family's inheritance. We'll cover: How reverse mortgages actually work Why the balance keeps growing A real-world compounding example Reverse mortgage vs. HELOC vs. downsizing Fixed vs. variable reverse mortgage rates What adult children should know before their parents sign How these loans can create unexpected family conflict This isn't a video telling you never to get a reverse mortgage. It's a video explaining the math so you can make an informed decision. If you're a homeowner in Canada, especially in the GTA, this is information you should understand before signing anything. 📞 Book a call with the Ragona Sisters:https://calendly.com/ragonateam Disclaimer: This video, and all videos on the Ragona Sisters Real Estate & Market Talk channel, are for informational and entertainment purposes only. Not financial or legal advice. 📬 Join the Ragona Sisters Insider Newsletter for exclusive GTA insights:https://ragonasisters.ca/join-the-rag... #ReverseMortgage #CanadianRealEstate #Inheritance #RetirementPlanning #GTARealEstate