The Burn Your Mortgage Podcast: Funding Your Retirement with Your Home with Pattie Lovett-Reid

Pattie Lovett-Reid is a highly respected Canadian financial expert known for her expertise in personal finance. Starting as a bank teller right out of high school, she climbed the ranks in the investment world, eventually serving as Senior Vice-President at TD Waterhouse Canada Inc.

In 2012, Lovett-Reid became the Chief Financial Commentator at CTV News, providing valuable financial insights on various platforms. Her ability to simplify complex financial concepts into practical advice quickly made her a respected figure in the industry. She continues to be a sought-after commentator and currently serves as the Chief Financial Commentator at HomeEquity Bank.

Lovett-Reid is a Certified Financial Planner and co-author of national bestselling books. Her contributions to financial planning in Canada have earned her prestigious awards, including the Donald J. Johnston Award and the Financial Planning Canada Fellow of Distinction. Pattie Lovett-Reid splits her time between Toronto and Muskoka, Canada, where she resides with her husband, children, and grandchildren.

In my interview with Pattie, we discuss:

1. The challenges of being house rich and cash poor
2. Reverse mortgages
3. The importance of applying for a mortgage before retirement
4. Downsizing not happening with as many baby boomers