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According to Rate Hub, approximately 50 percent of Canadians over the age of 50 worry that they won't have enough money for retirement. In fact, they state they believe their savings will be gone within ten years of stopping work. Individuals aged 55 and older qualify for a reverse mortgage as long as they have equity built up in the home. Request a Free Guide for Canadians on Getting a Reverse Mortgage to learn more about this program and the Pros & Cons of a Reverse Mortgage as a Retirement Strategy.

ShangriLoan Ventures, LTD., announced the launch of ReverseMortgageGuide.ca, a new online resource for Canadians interested in learning about reverse mortgages. The new Internet destination provides a variety of guides and articles that will help visitors learn about the requirements, advantages, and potential drawbacks of this increasingly popular financing vehicle. In addition, visitors to the site can sign up for a free, hard-copy book that explains the option in exhaustive detail.

ReverseMortgageGuide.ca, part of the ShangriLoan Ventures network, recently released information about important changes to the Canadian reverse mortgage guidelines. These changes make it easier for people to get these unique loans at a younger age than previously possible. It's also now possible to use a reverse mortgage to gain access to more of a house's equity.

ShangriLoan Ventures, Ltd. has announced the arrival of important changes in reverse mortgage terms and availability for residents of Canada. These changes make the loans more useful as well as expanding their availability to a larger number of residents. Reverse mortgages, unlike home equity lines of credit, are intended to provide homeowners with loans that don't need to be paid back at a set time. Instead, they are only paid when the house is sold.