You’re holding a full house: watch the home equity webinar
Four ways to access your home’s equity in Canada, and how to pick the right one.
Watch the home equity webinar replay. A panel of mortgage professionals, a reverse mortgage lender, a no-payment mortgage lender and a portfolio manager compare HELOCs, reverse mortgages, no-payment mortgages and second mortgages, then answer audience questions.
What the home equity webinar covers
Plus a live Q&A where the experts answered audience questions on retirement income, job loss, tax, buying another property, and fixed vs variable rates.
Is this webinar for you?
It is built for homeowners in situations like these:
- Retired or near retirement, and finding that income is lower than a bank wants to see
- A business owner or contractor whose income is real but hard to document
- Turned down by your bank, or unsure it is worth asking
- Coming up on a renewal, or sitting in a locked-in mortgage
- Looking to renovate, consolidate debt, help family or buy another property
- Comparing a HELOC, a reverse mortgage and other options and not sure where to start
Get the webinar recording
Watch it on your schedule.
Fill in the short form and you will go straight to the video. The recording has chapters, so you can jump to the topic that matters most to you.
This webinar is general information only and is not financial, mortgage, tax or legal advice. It does not consider your personal circumstances. Panelists speak from their own experience and their views are their own. Product availability, eligibility requirements, costs and rates vary by lender and are subject to change, and any borrowing is subject to approval. Borrowing against your home has costs, and interest on some products accrues and reduces your equity over time. For advice about your situation, talk to a licensed mortgage professional, and speak to a qualified accountant or lawyer for tax or legal questions.
Questions from the audience
The panel answered questions like these, live:
- What is the catch with a HELOC, and what can you use the money for?
- Can you access equity between jobs or without full-time income?
- Do you have to wait for renewal to get a reverse mortgage, and do both owners need to be 55?
- Is there a limit on how much you can take out of a reverse mortgage each year?
- Is a second mortgage ever a good idea?
- Is a no-payment mortgage available through every lender, and what does it cost?
- Does a HELOC reduce the mortgage you can get for a second home?
- Where should the cash come from: TFSA, RRSP or a line of credit?
- Fixed or variable right now?
Want the full recap and more of the audience questions? Read the webinar summary on our blog.
Meet the panel
A mix of mortgage professionals and specialists from different parts of the industry, so you hear more than one perspective.
Teddy Wilson
Moderator, Hot Property
Kristian Harris
Partner, MonsterMortgage.ca
Karen Mann
Mortgage agent, MonsterMortgage.ca
Suzy Fernandes-Arruda
District VP, HomeEquity Bank
Nicole Nixon
Business development manager, Fraction
Tom Reber, CIM
Portfolio manager, Raymond James Limited
Have a question
about your situation?
Talk to a broker
Every situation is different, and the right option depends on your income, credit, equity and goals. Our agents will walk you through the options and the numbers for yours.
In a conversation, you can expect:
- Guidance based on your goals, whether you are staying put, downsizing or helping family
- A plain-language comparison of the options that could apply to you
- Honest answers to your questions, with no pressure or commitment
Call Us