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Sunday, July 24th, 2016

If you want to have a mortgage in retirement, be prepared to make some big sacrifices – Ask a Vancouver Mortgage Broker

Maybe we shouldn’t be all that surprised that mortgages based on a 25-year payment schedule are now part of our retirement picture. Here’s why paying off your mortgage isn’t always the best idea Pay that mortgage off? Why would you bother, especially if that money could be invested elsewhere at a higher rate? Mortgage broker […]

Vancouver Mortgages for Newbies (Part 2) – Types of Available Vancouver Home Mortgages

Vancouver Mortgages for Newbies (Part 2) – Types of Available Vancouver Home Mortgages Vancouver home mortgages are offered in many different packages and formats. Lenders are all in competition for your business. Choosing the right mortgage for you can be a challenge and even stressful because it is such a big investment. A simple oversight […]

CHILTON TAKES A SWIPE AT REVERSE MORTGAGES

The list of detractors of reverse mortgage has another name added to it: David Chilton, otherwise known as ‘the wealthy barber’, after the title of this famous book on personal finance. At a speaking engagement Thursday night in Scarborough, Ont., Chilton discussed various mistakes people make while managing their financial affairs. Taking out reverse mortgage, […]

Help for seniors

Paul Barker, Postmedia News · Mar. 30, 2011 | HomEquity Bank, operator of the Canadian Home Income Plan reverse mortgage, better known as CHIP, has a monopoly today but mortgage experts say it’s only a matter of time before competitors move into this highly lucrative and growing market. “I can’t predict when it might happen […]


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