An election pledge to slash the Tax Free Saving Account has seniors worried, and looking to alternatives like reverse mortgages to hold on to their retirement plans
One of the channel’s leading lenders partnered with Equifax Canada in a study that provides an in-depth glimpse into this one market segment
While Reverse mortgages have been available in Canada for almost three decades, one lender has seen interest grow by leaps and bounds in the last couple of years – and brokers have been driving that business
The detractors of reverse mortgages are still out there, with lenders increasingly prepared to counter those arguments with facts about their loans and the growth in borrower interest
Industry insiders are attributing strong year-over-year growth in reverse mortgage originations to several factors – the most notable being human longevity
Brokers are increasingly comfortable recommending reverse mortgages; but the truth is, not every client should get a reverse mortgage
A key partner for mortgage brokers is asking them to help protect aging clients from a growing phenomenon – one with the potential to compromise financial security.
For clients looking to tap into their home equity, the only thing holding them back on reverse mortgages is a lack of information, and the fear that generates.
Reverse mortgages are gaining in popularity across the country, as evidenced by one major lender’s record originations in 2014.
Reverse mortgages are up 26 per cent year-to-date, according to HomeEquity Bank; which dredges up an ongoing debate about the value of such a product.