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.
Brokers have their criticisms of reverse mortgages but one of the leading providers of these mortgage products wants to dispel one of the most popular arguments.
In the face of increased competition from conventional lenders, HomEquity Bank has bumped up its broker referral fees by 30 per cent.
The parent company of HomEquity Bank has recommended the sale of HOMEQ Corporation for approximately $138 million.
It’s that time of year again – time for the finalists for the Canadian Mortgage Awards to be announced.