Author: Roland Mackintosh

13 Jul 2017

Top 3 Misconceptions about Reverse Mortgages in Canada

Posted by: Roland Mackintosh

HomEquity Bank - Business Development Manager

I recently read an article by Jamie Hopkins in Forbes magazine, entitled “Americans Don’t Even Know What Their Most Important Retirement Asset Is.” The article highlighted three common misconceptions about reverse mortgages and unsurprisingly, they are prevalent in Canada as well as in the U.S. Top 3 misconceptions about Reverse Mortgages: 1. The bank owns Read More

7 Apr 2017

8 Dec 2016

American Presidential Implications on Reverse Mortgages in Canada

Posted by: Roland Mackintosh

HomEquity Bank - Business Development Manager

It’s been a month since Donald Trump stunned the world by beating Hillary Clinton and his presidential win is already affecting many Canadians. Who else but Donald could wipe out more than 1 Trillion dollars in the bond market [1] as investors worry about his campaign promises to cut taxes and take on massive amounts Read More

13 Oct 2016

Two Birds, One Stone: How a Reverse Mortgage Helped Finance a Post-Graduate Degree and a Purchase of an Investment Property

Posted by: Roland Mackintosh

HomEquity Bank - Business Development Manager

I recently met a couple that took out a reverse mortgage to purchase a house in Hamilton, ON. Their daughter was attending McMaster University, and was just starting her post-graduate degree. After spending close to $25,000 over 4-years in rent, her parents decided to get into the landlord business! Here’s how the numbers worked out: Read More

10 Mar 2016

When a Reverse Mortgage Doesn’t Make Sense

Posted by: Roland Mackintosh

HomEquity Bank - Business Development Manager

In Canada, Reverse Mortgages are often recommended to clients and customers who are of a certain age, have a home they want to stay living in, and are in need of cash for reasons such as emergencies, home renovations, improving their lifestyle and even to alleviate the stress of debt through debt consolidation. But in Read More

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