Specialized lending update: Broker boost, Private lending misconceptions, Reverse mortgages, More

Giving brokers a boost

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26 October 2021

Giving brokers a boost HomeEquity Bank announces limited time lift of broker commission Debunking common reverse mortgage myths Putting right those frequent misunderstandings about the product Port Moody, BC – $285,000 Loan Client wanted to take some of his equity to help his son with the purchase of a home in the Vancouver area. However, client was also considering downsizing and was reluctant to commit to a long-term mortgage, but broker was having trouble income-qualifying the client. CHIP Open provided the perfect solution for a client who wanted to help his son with a home purchase in the Vancouver area. The sale of his home allowed him to pay off the mortgage completely and purchase a townhouse free & clear. HomeEquity How CMI is working to change misconceptions about private lending The company's director of broker relations tells CMP what sets it apart in the space Commercial mortgages – why the resurgence continues A prominent CEO in the space said the sphere is witnessing a number of encouraging trends New RESCO First Mortgage Fund LP to provide a boost for brokers The MIC has unveiled a new fund focused solely on residential first mortgages Current homeowners prefer aging in place – survey Older Canadians are looking to hold on to the accumulated wealth represented by their current residences

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