Finally, the cost of getting a reverse mortgage in Canada is getting cheaper

Author: External Author | Jan 08, 2020 | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

There was hope this would change when Equitable Bank entered the market to rival HomeEquity Bank in 2018. Now, at long last, competition is paying off. Equitable Bank has dropped its pants on interest rates.

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Original Article Source Credits: The Globe and Mail , https://www.theglobeandmail.com/

Article Written By: ROBERT MCLISTER

Original Article Posted on : DECEMBER 10, 2019

Link to Original Article: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-is-equitable-banks-new-reverse-mortgage-a-game-changer/