Reverse Mortgage Interest Rates & Penalties Explained In Full

In this article, I’m going to explain interest rates and penalties in full. Current Reverse Mortgage Interest Rates 1-year – 5.64% 3-year – 5.84% 5-year – 6.24% I occasionally receive a call which goes something like this: “What are the interest rates on a reverse mortgage”…this call is cut and dry, the caller is only…

Details

5 Powerful Reasons To Consider Giving An Early Inheritance

Sorry Mr. Reaper, we’ve just figured out another way to delay your death grip! Research shows that giving an inheritance to another person while you’re alive – a concept known as “living gifting” – not only feels good, it can promote better physical and mental well being and even help you live longer Health researcher…

Details

Top 3 Reverse Mortgage Misconceptions

Here are the Top 3 Misconceptions about Reverse Mortgages in Canada: The Bank Owns Your Home. Your Estate Can Owe More Than Your Home The Best Time to take a Reverse Mortgage is at the End of Your Retirement Let’s examine each misconception in more detail. 1. The Bank Owns Your Home. Not true! HomEquity Bank simply…

Details

Seniors Want To Age In Place, But Study Shows 58% Must Renovate Their Home

A new Retirement Study of Canadians aged 55+, conducted by HomEquity Bank and The Brondesbury Group, detailed 58% of retired respondents stating that “staying in my home is critical for my quality of life”. Most Canadian seniors want to remain in the family home as they age, but often must renovate and retrofit areas of…

Details

Reverse Mortgage for Seniors: Cash Flow in Your Retirement Years

Family and friends may have a variety of suggestions and advice as you draw closer to your golden years. If you are looking for a smart and efficient way to fund your retirement years, a reverse mortgage for seniors is worth considering. It allows you to maintain full ownership and control of your home while…

Details