Investors Group pushes variable rate below 2%
Low interest rates, higher costs of living and new baby-boomer retirees have resulted in more clients taking out a reverse mortgage
Record breaking performance in firm’s first full year operating as a bank
Originations up 77% in Q4
Access to retail deposits lowers the cost of borrowing
Reverse mortgage provider becomes a chartered bank
The Office of the Superintendent of Financial Institutions is issuing a draft advisory that sets out its view on the capital treatment of reverse mortgages.OSFI notes that it has been asked to express a view on the capital treatment that would apply to reverse mortgages held by a federally regulated deposit taking institution.“Reverse mortgages more […]
The “house rich” can monetize their equity — but not without risk or debt
Reverse mortgages to be offered through network of over 1,600 brokers
Seniors Money International today confirmed its entry into the Canadian reverse mortgage marketplace and its goal to be the preferred provider in conservative and flexible retirement funding.Founded in New Zealand, the global firm is a specialist in retirement funding with a strong track record of serving seniors in Australia, New Zealand, Ireland, Spain, and South […]