ShangriLoan Announces Key Changes to Reverse Mortgage Requirements in Canada
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.
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