The Play Book for Financial Entrepreneurs

How a Reverse Mortgage Works

May 15, 2020 Rich Season 1 Episode 4
The Play Book for Financial Entrepreneurs
How a Reverse Mortgage Works
Chapters
The Play Book for Financial Entrepreneurs
How a Reverse Mortgage Works
May 15, 2020 Season 1 Episode 4
Rich

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
Show Notes

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