Category: Reverse Mortgages (55 yrs+)

Reverse Mortgages

Reverse Mortgages (55 yrs+)

  Reverse Mortgages (55 yrs+) This is an idea whose time is now. Factor together our aging population, exploding home values, and the high cost of living, there is so much home equity that seniors age 55 and over can tap into. The list of possible uses is limited only by your imagination: Pay off debt Need …

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Give your kids an inheritance with warm hands

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Give your kids an inheritance with warm hands According to HomEquity Bank almost 5% of their clients aged 55 and over arrange reverse mortgages as a way to gift money to their adult children. “What we hear from some of our clients is that they want to see their loved ones enjoying the results of their …

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Ten facts about reverse mortgages

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Ten facts about reverse mortgages There’s a lack of information around reverse mortgages, and as more seniors look to this type of financing to help their adult children as well as finance their retirement – it’s time to set the record straight on some misconceptions. That’s according to HomEquity Bank, a Schedule 1 Canadian Bank …

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Seniors carrying more debt than ever before

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Seniors carrying more debt than ever before Mortgage debt among seniors is increasing right across Canada, and for those aged 70+ it has increased 12% compared to 2013. That’s according to the results of a Debt in Retirement study conducted by HomEquity Bank and Equifax Canada. The study was conducted in July, 2015 and focused on …

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