Paul Brick, CA

Acceptance of reverse mortgages continues to grow among seniors. https://www.mortgagebrokernews.ca//reverse-mortgage-balanc

Reverse mortgage acceptance continues to grow among seniors.

Reverse mortgage borrowing continues to grow!!

Here is a link which sets out how reverse mortgages can be used to enable seniors to enjoy their best years - https://www.youtube.com/watch?v=xHpyTtRbuUg . If more info is required, please contact me at http://www.paulbrick.ca/. There is also a two minute video on my website which further explains how reverse mortgages work. Paul Brick, CA Mortgage Associate Certified Reverse Mortgage Specialist Home Financing Solutions Inc. - o/a The Mortgage Centre... Tel: 403-271-6474 Toll free: 1-877-469-6825 Mobile: 403-831-6474 Email: [email protected] Web: www.paulbrick.ca See more

Interest-ing facts about reverse mortgages!! There are many misconceptions surrounding reverse mortgages. Since the most common misconceptions center around interest rates, here are some interest-ing facts: INTEREST rates are only slightly higher than a home equity line of credit.... For those having trouble qualifying for a line of credit through a financial institution, this difference in rates can become negligible. Income requirements are often a barrier when seeking approval for a HELOC since the CHIP Reverse Mortgage is specifically designed with retired Canadians in mind, no income qualification is required.. INTEREST rates on credit cards are significantly higher. Not only do these products charge significantly higher interest rates, but regular payments on principal and interest are required. With a CHIP Reverse Mortgage, no monthly mortgage or interest payments are required payment is only due when the clients no longer live in their home. INTEREST is compounded. While the interest is compounded semi-annually, HomeEquity Bank also provides homeowners with the option to make interest payments to help keep interest from accruing. COMPOUNDED interest will mean owing more than the home’s value when the loan is due. This is not true. The CHIP Reverse Mortgage has a no negative equity guarantee. Should the loan amount exceed the property sale amount, HomeEquity Bank covers the difference between the sale price and the loan amount. Want to know more. Contact me! Paul Brick, CA Mortgage Associate Certified Reverse Mortgage Specialist Home Financing Solutions Inc. - o/a The Mortgage Centre Tel: 403-271-6474 Toll free: 1-877-469-6825 Mobile: 403-831-6474 Email: [email protected] Web: www.paulbrick.ca Download my free app for mortgage calculations: https://mccapp.ca/app/paul-brick