Reverse Mortgage News

Reverse Mortgage Growth on the Rise

Years of rising home prices have provided a home equity windfall to countless homeowners. And now more Canadians than ever are accessing that equity in the form of reverse mortgages. Reverse mortgage balances are growing nearly eight times faster than regular mortgage debt, according to [Read more]

Equitable Bank Launches the PATH Reverse Mortgage

HomeEquity Bank finally has competition. Equitable Bank has rolled out a product called PATH Home Plan, the first reverse mortgage to compete with CHIP since 2008. PATH has one key advantage over CHIP, its fees. As of this writing (January 2018), PATH’s setup fees are [Read more]