HomEquity Bank, operator of the Canadian Home Income Plan reverse mortgage, better known as CHIP, has a mono poly today, but mortgage experts say it's only a matter of time before competitors move into this highly lucrative and growing market.
"I can't predict when it might happen, but I know there are people looking into this space," says Robert Mc-Lister, a mortgage specialist with brokerage firm Mortgage Architects in Vancouver and co-founder of CanadianMortgageTrends.com.
For more information contact:
Gary Dutton
EraseYourDebt.ca
604-622-6262
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