The Ontario Teachers' Pension Plan Board has taken a major investment stake in Canada's rapidly growing reverse mortgage market with its acquisition of HomeEquity Bank.
There's a new reverse mortgage provider in town. Bloom Finance Company rolled out its reverse mortgage product for Ontario homeowners this week.
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...