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Mortgage Broker News | 08 Jun 2011, 08:08 AM Agree 0
A move by HomEquity Bank to lower the eligibility age for its reverse mortgages to 55 is set to increase broker originations by as much as 10 per cent, company president Steven Ranson told MortgageBrokerNews.ca, at the same time expressing confidence in the company’s current compensation structure for brokers.
  • Elfie Hayes | 09 Jun 2011, 06:07 AM Agree 0
    I think this is a positive chance for many Canadians who wish to stay in their homes longer once they transition into retirement. I believe that a reverse mortgage should be part of a sound financial plan and investing the money to generate on-going income is prudent.
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