Reverse Mortgages in Ontario Archives - Reverse Mortgage Help

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…

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…

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…