The growing demographic category of elderly homeowners has drawn a New Zealand-based reverse mortgage company to Canada to compete with Canadian Home Income Plan, which has a monopoly in the market.
Canadian Home Income Plan is a subsidiary of publicly traded Home Equity Income Trust, which also operates CHIP Mortgage Trust.
Privately held Senior’s Money International operated […]
Entries from August 2007
Senior’s Money International goes to Canada
August 30th, 2007 · No Comments
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Pat Summerall to pitch Reverse Mortgages
August 30th, 2007 · No Comments
August 29, 2007 — In an attempt to expand their already growing image as the pros in the Reverse Mortgage industry, Fidelis Mortgage signed an agreement with Radio Advantage in Dallas, representing broadcasting legend Pat Summerall. Mr. Summerall recorded a new 60 second radio spot which is currently airing in the Baltimore, Maryland area. “The […]
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Reverse Mortgages fees higher than Subprime Loans
August 27th, 2007 · No Comments
After a decade of retirement, John and Stella Dohrer were increasingly feeling squeezed financially as living costs edged upward year after year.
The Mesa couple weren’t starving, but their Social Security payments weren’t always enough to meet monthly insurance costs.
So earlier this year, they tapped into the equity built up in their modest townhouse on University […]
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Reverse Mortgage training Down Under
August 3rd, 2007 · No Comments
It seems as though by the mountains of emails I receive regarding the reverse mortgage in other countries, America is not alone in their quest to exploit the popular new mortgage product. In Australia, brokers and estate planners are lining up to gain accreditation to complete the loans.
Over Fifty Group (OFG) and SEQUEL have partnered […]
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