As reverse mortgages become more mainstream, it will become increasingly important for mortgage brokers to master their intricacies. To assist in that, HomEquit... Read More...
Earlier this year HomEquity Bank increased its maximum loan-to-value on a reverse mortgage to 55% (in some cases slightly more). It was a change made with littl... Read More...
There’s been a slow but sure trend in our business. Lenders are very gradually cutting back on sales compensation.
Reverse mortgage provider HomEquity Bank i... Read More...
The new OSFI underwriting guidelines make reference to a 65% loan-to-value limit for reverse mortgages.
When that guideline came out, it got some people worr... 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.
That’s a spread of 2.50 percen... Read More...
From an investment standpoint, few mortgage lenders present a better risk/reward than HomEquity Bank, a subsidiary of HOMEQ.
Its product, the CHIP reverse mo... 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 cuts all the more n... Read More...
Most interest rates have dropped to historic lows in recent years…but not all of them.
One that hasn’t is the rate on CHIP reverse mortgages.
On October 1... Read More...
One of the most evident trends in financial services is the growing demand for reverse mortgages.
HomEquity Bank confirmed that trend (again) by posting a 42... Read More...
Noteworthy reverse mortgage stats from the Globe’s Rob Carrick:
36% — Average amount of home equity borrowed with a reverse mortgage
50% — Average equity ... Read More...
