How a Reverse Mortgage Works

How a Reverse Mortgage Works

Update: 2020-05-15
Share

Description

We had an opportunity to discuss with Agostino and Sue of Home Equity Bank to get answers to the following questions:

  1. How does a Reverse Mortgage Work?
  2. Who would need a Reverse Mortgage?
  3. Why would someone take out a Reverse Mortgage?
  4. Will a person owe more than their house is worth?
  5. What is the math on the Interest Rates, Equity and House value?


Professionals in this Episode

  • Agostino Tuzi - National Partnership Director, Mortgage Brokers at HomeEquity Bank
  • Sue Pimento -  Vice President Referred Sales, Eastern Canada HomeEquity Bank
  • Dong Lee  - Chief Operating Officer of DLC Group of Companies
  • Rich Spence - President of Mortgage Centre Canada
Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

How a Reverse Mortgage Works

How a Reverse Mortgage Works

Rich