The Play Book for Financial Entrepreneurs
How a Reverse Mortgage Works
May 15, 2020
We had an opportunity to discuss with Agostino and Sue of Home Equity Bank to get answers to the following questions:
- How does a Reverse Mortgage Work?
- Who would need a Reverse Mortgage?
- Why would someone take out a Reverse Mortgage?
- Will a person owe more than their house is worth?
- 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