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Almost 8 in 10 Canadians over the age of 55 believe they can’t rely on registered savings and pension plans...
As reverse mortgages become more mainstream, it will become increasingly important for mortgage brokers to master their intricacies. To assist in that, HomEquity Bank...
Earlier this year HomEquity Bank increased its maximum loan-to-value on a reverse mortgage to 55% (in some cases slightly more)....
There’s been a slow but sure trend in our business. Lenders are very gradually cutting back on sales compensation. Reverse...
The new OSFI underwriting guidelines make reference to a 65% loan-to-value limit for reverse mortgages. When that guideline came out,...
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....
From an investment standpoint, few mortgage lenders present a better risk/reward than HomEquity Bank, a subsidiary of HOMEQ. Its product,...
CHIP reverse mortgage rates are relatively “sticky.” They don’t change as often as regular mortgage rates. That makes HOMEQ’s recent rate...
Most interest rates have dropped to historic lows in recent years…but not all of them. One that hasn’t is the...
One of the most evident trends in financial services is the growing demand for reverse mortgages. HomEquity Bank confirmed that...