News articles & upcoming events - Invis - West Coast Mortgages
NEWS ARTICLES:
Read articles published about how Invis - West Coast Mortgages can help you with all of your financing needs:
- Considering Home Renovations
- Support for Small Business
- The Annual Mortgage Checkup
- New Mortgage Rules: Not All Bad News
UPCOMING SEMINARS:
To Be Announced.
PAST SEMINARS:
Invis - West Coast Mortgages hosted two seminars on Wednesday, April 27, 2011 & helped answer questions & discuss options related to home buying & how to use a home’s equity for cash flow.
The Reverse Mortgage seminar at 3 pm explained to retirees, or those planning to retire soon, how to use equity from the house to increase monthly cash flow. Contrary to myths, the reverse mortgage does not mean the bank owns the home.
Paul Healey and Karen Ewing, principals at Invis, explained the details of such mortgage products and objectively presented the pros and cons. Healey says, “For many individuals who cannot meet their monthly financial commitments because retirement cash flow is lower than expenses, a reverse mortgage is a viable option that allows the homeowner to keep his or her home yet worry less about meeting other financial commitments.” Others may simply benefit from debt consolidation, which may also use home equity to increase cash flow.
Ewing adds, "Ideally, by using mortgage-products with low interest rates, the individuals will have enough extra cash each month to really enjoy being retired by doing the things they always dreamed of doing in retirement."
The Home Buyer Seminar at 7 pm walked attendees though the process of buying a home and securing a mortgage. In addition, the Invis team explained about the importance of credit, how to improve it if there is an issue, lender criteria, options for self-employed individuals, and the difference between a mortgage broker and direct financing (as with a bank).
The seminars are free, but the donation of non-perishable food to be donated to the Food Bank is suggested.
Seating is limited, so please pre-register by calling 250-897-3550.