What is Aging in Place? Aging in place refers to living safely, comfortably, and independently in your home for as long as possible. It involves having access to necessary services, healthcare, and support to ensure security and comfort at home. The Benefits of Aging in Place More than 90% of Canadians dream of aging in place. Staying in your home […]
Keeping up with rising living costs can be particularly challenging when you’re on a fixed income with limited cash flow. Many Canadians are taking out loans, using multiple credit cards, and delaying significant purchases to stay financially stable in retirement. However, juggling debts from different sources with varying interest rates and payment schedules can be stressful, leading Canadians to turn […]
If you’re seeking a mortgage, but your application doesn’t fit into the box of the big traditional institutions, you’ll find yourself in what’s commonly referred to in the industry as the “Alternative-A” or “B” lending space. These lenders come in three classifications: Managing mortgage affordability in the alternative lending landscape requires careful consideration of several factors to ensure financial stability […]
Curious about the CHIP Reverse Mortgage by HomeEquity Bank? If you’re a Canadian aged 55 or older, this financial solution could hold the key to tapping into your largest asset, your home. It’s a unique opportunity that allows you to use your home equity for various purposes, from paying off debts to funding home renovations or supporting your loved ones […]