As reverse mortgages become more mainstream, it will become increasingly important for mortgage brokers to master their intricacies. To assist in that, HomEquity Bank... Read More
Earlier this year HomEquity Bank increased its maximum loan-to-value on a reverse mortgage to 55% (in some cases slightly more).... Read More
There’s been a slow but sure trend in our business. Lenders are very gradually cutting back on sales compensation. Reverse... Read More
The new OSFI underwriting guidelines make reference to a 65% loan-to-value limit for reverse mortgages. When that guideline came out,... Read More
Today’s 5-year fixed CHIP reverse mortgage rate is the lowest we’ve ever seen. It’s now down to 5.50%, effective last week.... Read More
From an investment standpoint, few mortgage lenders present a better risk/reward than HomEquity Bank, a subsidiary of HOMEQ. Its product,... Read More
CHIP reverse mortgage rates are relatively “sticky.” They don’t change as often as regular mortgage rates. That makes HOMEQ’s recent rate... Read More
Most interest rates have dropped to historic lows in recent years…but not all of them. One that hasn’t is the... Read More
One of the most evident trends in financial services is the growing demand for reverse mortgages. HomEquity Bank confirmed that... Read More
Noteworthy reverse mortgage stats from the Globe’s Rob Carrick: 36% — Average amount of home equity borrowed with a reverse... Read More