How to Build Wealth with Reverse Mortgages

We chatted with our guest from HomeEquity Bank, Victor Chang, about reverse mortgages. We know that there may be some misconceptions around reverse mortgages, but you can actually use it to grow your wealth! Watch this video to learn more about how you can access your home equity without having to make monthly payments. 0:00 Introduction 0:46 Misconceptions about reverse mortgages 2:40 Concern of compounding interest 3:46 Concern that value of interest will exceed the value of the home 4:34 Are reverse mortgages a last resort? 8:16 Do I have enough money to last me through retirement? 10:44 Conclusion Victor Chang Business Development Manager, HomeEquity Bank Toll-free: 1-877-860-2447 Phone: 778-846-2346 Fax: vchang@heb.ca #reversemortgages #reversemortgage #vancouver #vancouverrealestate #vancouverhousing #vancouverhousingmarket #mortgageapproval #vancouvermortgagebroker ★☆★ NEED MORTGAGE ADVICE? ★☆★ Book an appointment with John Lee of Arise Mortgage: https://10to8.com/book/lnsouccutnajszhensjar-free/ ★☆★BONUS FOR A LIMITED TIME★☆★ You can download "The Ultimate Mortgage Guide" by John Lee here: https://mailchi.mp/16b642ce2eda/theultimatemortgageguide John Lee, a Mortgage Broker based in Canada, shares ways to be approved for a mortgage, home buying tips, and other mortgage-related stuff. If you're considering purchasing a home or refinancing your existing property, make sure to subscribe for helpful content-rich videos. He is a licensed Mortgage Broker, author of The Ultimate Mortgage Guide, and the President and CEO of Arise Mortgage. He's been in the financial and real estate industry since 2006. Before becoming a Mortgage broker, he worked at various big banks and a real estate company that involves property management and large real estate acquisitions. He has helped hundreds of families with a mortgage and one of the most fulfilling parts of my job is working with first time home buyers and securing their dream home. If you have any questions or would like to connect with me, below is John's contact info: 604-722-8404 john@arisemortgage.ca Thanks for watching! ★☆★ CONNECT WITH JOHN ON SOCIAL MEDIA ★☆★ Website: https://AriseMortgage.ca Blog: https://arisemortgage.ca/vancouver-mortgage-blog Facebook: https://facebook.com/JohnLeeMortgageBroker Instagram: https://instagram.com/johnleearisemortgage Linkedin: https://linkedin.com/in/johnyhlee