Reverse mortgages are marketed as “tax-free cash with no monthly payments” but what does that actually mean? Here’s how they work, who they’re for, and what you need to watch out for.

The Big 5 banks dominate the ads, but monoline lenders like MCAP and First National dominate the broker world. With fairer penalties, faster service, and competitive rates, here’s why they’re often the smarter mortgage choice.