by Nicolle Dupont | Apr 23, 2021 | Resource
HomeEquity Bank is upfront and clear about the costs involved with securing a reverse mortgage. Let’s run through the costs: Appraisal Closing Fee Independent Legal Advice Appraisal – This is the cost associated with having a qualified appraiser view your home, take...
by Nicolle Dupont | Apr 16, 2021 | Resource
How is that magic number calculated? The magic number being the amount of eligible loan that you can receive on a reverse mortgage. There are a few factors that are unique to you dictate what that number will look like. They are: Age of you and your spouse, if...
by Nicolle Dupont | Apr 16, 2021 | Resource
What is the interest rate on your current Line of Credit? If it is unsecured it could be as high 12% and a secured line of credit may have an interest rate up to 6%. Many people have recognized that the interest rate on their Reverse Mortgage is more competitive than...
by Nicolle Dupont | Apr 9, 2021 | Resource
Many of us watch American TV and have seen advertising for the reverse mortgage products available in the United States. You may have read some tragic stories where people were losing their homes to unscrupulous lenders. There are an overwhelming number of banks...
by Nicolle Dupont | Oct 16, 2019 | Resource
The Street – BNN Bloomberg Guest – Pattie Lovett-Reid. If there is a financial product out there that people seem to love to hate, it’s the reverse mortgage. But is that fair? CTV’s Chief Financial Commentator breaks down the pros and cons. To...
by Nicolle Dupont | Jul 26, 2019 | Resource
Here is the link to HomeEquity Bank’s rates for a CHIP Reverse Mortgage https://homeequitybank.ca/chiprates You may say, “Wow, those are much higher rates than what I see advertised on TV!” Please remember that a Reverse Mortgage is a unique product that requires none...
