Blog

Mar 15 2019
1

Misconceptions About Reverse Mortgages

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Our team is very knowledgeable and patient, especially when it comes to examining and explaining the different options for funding your retirement. We want to ensure you have peace of mind knowing you made the best decision for your present and future situations. We wanted to take the time to explain the differences between three common options: Home Equity Line of Credits, Second Mortgages and Reverse Mortgages (often referred to as a Seniors Mortgage). What you need to know about Home Equity Line of Credit: You can borrow up to a pre-approved credit limit, on an as-needed basis There are…

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May 10 2018
1

Finding the best most reputable company for reverse mortgages in Toronto

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Although we are discussing reverse mortgages in Toronto here, searching for credible firms when you’re looking for any kind of loan is critical. Finding the best most reputable company when it comes to these loans becomes even more important for people who are seniors. Here’s a few tips that can help you through the process. Make sure they’re licensed It’s very important to make sure that any of the companies you’re dealing with to get one of these reverse mortgages in Toronto have the proper licenses. A quick Google search can tell you if there’s been any problems with the…

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May 01 2018
1

How does an Ontario home equity loan work?

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Are you wondering how does an Ontario home equity loan work? Read on. We’ve put together the information you’ll need. The first step is finding out how much equity you actually have. The quickest way to do that is to use a home loan equity calculator like the one that we have on our website. Once you’ve got that figure worked out, there are some other aspects you need to get through. Your options Flexibility is one of the cornerstones of these loans. They offer different repayment options and multiple terms so you can choose one is based on your…

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Apr 15 2018
1

Who does reverse mortgages in Ontario?

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Many of our clients ask us specific questions like who does reverse mortgages in Ontario? We’re only too happy to answer them and help you by answering your questions. It’s the best way to unlock some of the equity you have put together. In Canada, there are two different institutions that offer these products. HomEquity Bank offers one specific kind. This is the Canadian Home Income Plan (CHIP) and we can help you with this product. Keep in mind our goal is always to make the whole reverse mortgages in Ontario process as easy as possible. That’s why our firm…

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Apr 01 2018
0

Are reverse mortgages in Toronto good?

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When people ask are reverse mortgages in Toronto good?, We answer and tell them these are an excellent way for retirees to accomplish their financial goals. However, there’s another reason why this product has become very popular in recent years. Consider these recent statistics. Recent research shows that half of Canadians age 50 years and up worry that they won’t have enough money to live properly and comfortably in their retirement. That said,  we’ve taken the time to put together some of the advantages of one of these financial products for seniors. Are Reverse Mortgages in Toronto Good? Of course,…

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Mar 01 2018
0

Understanding reverse mortgages in Ontario

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Understanding reverse mortgages in Ontario is easier than most people think. To start, people need to clear up a few misconceptions and understand that these are very similar to traditional mortgages. Of course, there are a few exceptions and these include: The big advantage that there are no monthly payments to be made. In fact, this is the kind of flexibility that draws many people to this financial product in the first place. Reverse mortgages are a wonderful product for people looking for financial peace of mind. Whereas traditional mortgages are available to every age group, reverse mortgages are specifically…

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Feb 01 2018
0

The history of reverse mortgages in Ontario

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When people start to discuss the history of reverse mortgages in Ontario with their family members, everyone is surprised at how far back these financial products actually go. If you ask any experts in the field, they will tell you that this is one of the most well-developed financial products. One of the reasons is the fact they go all the way back to 1961. Many people will be happy to know that the very first reverse mortgage did some good. In fact, it was written so that the widow of a high school football coach could stay in her…

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Jan 01 2018
0

What is a Toronto home equity loan?

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We want our clients to have all the information they need to make sound financial decisions. When they ask what is a  Toronto home equity loan, we are more than happy to supply the answers. Long story short is this is a financial product where consumers get to draw on the equity they built up in their homes over time. They are a win-win situation for everyone involved. The lending institutions like this product because the loan is secured to the property. Consumers enjoy having these loans because they can use the money at will. What’s more, the interest rates…

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