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 has experienced professionals on hand. Our team of reverse mortgage professionals comes from a variety of different places in the financial institution world. We even have some ex-bankers on staff to help our valued clients who are looking for a reverse mortgage that best suits their needs.
PATH Home Plan is the other type of product that’s available. You can access one of these reverse mortgages through Equitable Bank or through us. Of course, one of the big advantages of using our services is the fact that we look after all of the requirements and paperwork for you.
When you’re asking yourself, who does reverse mortgages and looking for some suitable help, there are a few things that you need to go over. Here’s a partial list of the queries that we can help you with:
- Is it a good thing that you’re trying to cover? A loan to put some renovation work into your house almost always increases the value. Likewise, some people use the reverse mortgage money they get to get a student loan and train for a job that will give them a better income.
- What is considered bad debts? We make sure to point out some areas that are considered a negative way to spend your reverse mortgage money. Taking a vacation is one prime example. You’ll be paying the money back long after you’ve come home from a trip. One of the good benchmarks to use when deciding whether alone is good or bad is deciding on eliminating short-term value ideas like this.
Reputation is a very important consideration when you’re dealing with the whole scope of reverse mortgages in Ontario. Checking with the Better Business Bureau and asking friends and relatives who they would suggest is a good way to start. Finding out who does reverse mortgages in Ontario equires some due diligence.
