Found 2 blog entries tagged as financial advice.

Typically, when tapping into your home’s equity, one uses a home equity line of credit (HELOC) or refinances their mortgage. What if we told you this was not the only way to free up home equity for other purposes? While a traditional mortgage is a loan secured by a home or property, the borrower must pay back the loan each month with interest throughout the loan lifetime. A reverse mortgage is the opposite. So, what is a reverse mortgage anyway?

A reverse mortgage is exclusive to Canadians over the age of 55. In a reverse mortgage situation, the homeowner can borrow as much as 55 per cent of the current home’s value. In other words, they are borrowing against the equity in the home. The borrower receives the money and does not have to make any…

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Buying a House with Bitcoin in Canada

We’ve all seen the headlines across the globe proclaiming the rise of cryptocurrency, and the pandemic has accelerated that growth, with many coins reaching all-time highs. Even mainstream investors are getting into the cryptocurrency game, adding bitcoin and other cryptos to their portfolios.

With more people invested in bitcoin, some real estate agents are hearing questions from their clients related to buying a house with bitcoin in Canada. It is an outside-the-box idea for many homebuyers, beyond the traditional banking and mortgage industries.

We will examine the possibility of buying a house in Canada with bitcoin, but first, a little introduction to the world’s most popular cryptocurrency.

What is Bitcoin?

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