HomeEquity Bank

Thank you for having me.

You have been, uh, focused on the mortgage world for a good portion of your career, including six years at HomeEquity Bank.

The idea of, of talking about ho- home equity, using home equity, not new to you.

Uh, what would you say is in your career experience that informs your view on the topic, and therefore, what you wrote in your book?

They're active in the rest of Canada, but we got an email this week from Melissa, our BDM, our business development manager, to say that Home Trust is now offering reverse mortgages in Quebec.

So as the information trickles in, we'll talk about Home Trust, and we'll compare the Equitable Bank, Home Equity Bank, which is CHIP, and home trust and unpack who's offering the best deal right now for reverse mortgages.

On the B lender side, we just talked about B lending.

There are three active players.

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Patty 11 Reed, Chief Financial Commentator for Home Equity Bank, and Toonie Tuesday.

Good morning, Patty.

Good morning, sir.

There's a third coming in.

So the two main lenders right now are Home Equity Bank.

Everybody knows them because we see their commercials on CBC.

It's CHIP.

The location and the lender's guideline.

Generally speaking, the older the homeowner, the greater the percentage of the home value that may be available.

As Martin said earlier, there's two lenders right now, Home Equity Bank, known as CHIP.

They have a product that's called CHIP product, can potentially provide you access to as much as 55% of your home value, also depends on your age.