Specialized lending update: Reverse offer, Private lending reforms, HELOC debt, More

CHIP Reverse Mortgage effective way for homeowners 55+ to gift down payment

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28 June 2022

CHIP Reverse Mortgage effective way for homeowners 55+ to gift down payment In a challenging market, gifting funds to children, grandchildren an increasingly popular option New private lending association addresses regulatory reform proposals The organization is helmed by a well-known industry figure How is Canada's HELOC debt burden shaping up? The Bank of Canada's rate increases are playing a crucial role in the HELOC borrowing trend What is the backbone of private lending? "It's all a big collaboration" Why a reverse mortgage is an excellent option for debt consolidation needs As economic pressures rise brokers need to know which options make sense for 55+ clients How this mortgage investment corporation keeps a leg up in the industry "We're really leaning into service"

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