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Posted by: Cory Kline
In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But many Canadians look at only two things and assume HELOCs […]
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When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key ingredients in determining whether you’ll be able to get financing and the rate you’ll pay. To get approved for a loan and to pay […]
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Having completed dozens of reverse mortgage deals, there are some questions that I find I get over and over again. So today I thought I’d write a piece on the 8 most common reverse mortgage questions that people in Canada have regarding reverse mortgages. Click HERE To Read More
Read MorePosted by: Cory Kline
The best part of writing about mortgages is that I get the chance to educate people about a topic which I find endlessly interesting. Reverse mortgages are certainly a topic which deserves some consideration. Everyone seems to be quite polarized over this issue so it seems it is past time we took a closer look. […]
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We are all familiar with the banks and local credit unions, but what are monoline lenders and why are they in the market? Mono, meaning alone, single or one, these lenders simply provide a single yet refined service: to fulfill mortgage financing as requested. Banks and credit unions, on the other hand, offer an array […]
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Canadians have contributed to a record number of foreign buyer sales in the United States… Click to read more Article “Growing number of Canadians buying foreign properties” from Canadian Real Estate Wealth, by Justin da Rosa 24 Jul 2017
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Mortgage rules have become stricter over the past few years. Assuming you have a down payment, good credit and a good job, what could prevent you from obtaining financing for a home purchase? Click HERE To Read More
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For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken […]
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Market watchers have been swamped by a wave of numbers recently but the one that pops to the surface as the most significant is the latest employment figure. Read More
Read MorePosted by: Cory Kline
In an article the Globe and Mail released this week titled “Time to get over our squeamishness about reverse mortgages” by Rob Carrick. It is an interesting article that explains the increasing need and demand for reverse mortgages in Canada, and that accessing equity from a home can be a smart solution. Carrick, a well-known […]
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