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RC23 Spotlight: Air Canada Aeroplan (Prizes: 3 x 23,000 Aeroplan points) + MORE Sep 13th
Air Canad Aeroplan is the next RC23 RWRDS Canada’s 23rd Anniversary Contest sponsor that we are giving the spotlight to! As one of the oldest and largest programs in Canada, Air Canada Aeroplan is well known to Canadians! The program has received a lot of the spotlight since being revamped nearly .... More »
The Best Online Banks in Canada for 2022 + MORE Oct 24th
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarant.... More »
Earn up to a $250 Mastercard Gift Card for a two night stay in Vancouver Jan 6th
StayVancouverHotels has brought back their popular gift card offer for the next four months. Just like the offer for fall 2022 this one also requires a 2 night stay with a gift card being awarded for each night. The offer is available at 42 different hotels in the downtown Vancouver area. The tota.... More »
The best GIC rates in Canada for 2026 Apr 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Here are the latest RBC Offers including up to $25 in credits for The Keg and 5,000 bonus points with Petro-Canada + MORE Aug 3rd
The last half of July saw a handful of new RBC offers being released which have now been added to our Guide to RBC Offers.Be sure to login to your RBC account right away to load these offers (if required) or get the promo codes if required. Personally I received these offers on the WestJet R.... More »
What happens at the end of a reverse mortgage?
– moneysense.ca
When you get a reverse mortgage, you tap the equity in your home without having to sell it. There are several advantages to having a reverse mortgage, for those who qualify: For one, you gain access to part of the cash value of your home, increasing your liquidity. Setup and legal fees are rolled into the loan amount, and aren’t due until the end of the mortgage (be aware that interest will accrue). And you can remain in your home without having to make monthly loan repayments, as you would with a home equity line of credit or a standard mortgage—so your monthly expenses will not increase as a result. (This article shares additional details and can help you decide if a reverse mortgage is right for you.)
But what happens at the end of a reverse mortgage? A common myth is that the lender can take your home when the loan is due; that isn’t the case. Let’s look at what actually happens.
Three common ways for a reverse mortgage to end
A reverse mortgage usually ends in one of three ways: either the homeowners die; they sell their property and move away; or they move into a retirement residence or long-term care…
But what happens at the end of a reverse mortgage? A common myth is that the lender can take your home when the loan is due; that isn’t the case. Let’s look at what actually happens.
Three common ways for a reverse mortgage to end
A reverse mortgage usually ends in one of three ways: either the homeowners die; they sell their property and move away; or they move into a retirement residence or long-term care…
March 5 Update: 50% off award flights on SATA Airlines out of Toronto and 500 bonus points per night at the new Hyatt Place Ottawa West
– RewardsCanada.ca
Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. There is an interesting flight reward promotion that we came across in our daily bonus offer updates. This one is for Portugal’s SATA Azores Airlines. Yes I know this may not interest many of you outside of a couple of our readers in the Toronto area who may have flown SATA regularly enough to be a member of their Imagine program. The offer is kind of confusing as it is publicly promoted right on their website however the terms states it is personal and non-transferable. So we’ll see if we can get more details on that. The offer itself is for 50% off reward flights if booked within 90 days of being notified, which we take the notification date as being on or about your birthday since the promotion is called Happy Birthday. This means you could potentially redeem half the amount of miles required for a reward flight out of Toronto…
