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Customer Stories:

"My mortgage broker told me that CHIP could be used to help me purchase the new townhouse I wanted. With a CHIP Reverse Mortgage, my broker explained, the purchase price of the new house can consist of the down payment (pro­ceeds of the sale) and the reverse mortgage. 
With CHIP, I was able to afford the townhouse I wanted in my desired 
neighbourhood and still have some money left just in case. "

 

-Carol

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  • Reverse Mortgage Canada

Making Ends Meet in Retirement

You’ve worked hard your whole life, and you deserve to enjoy the lifestyle you always imagined in your retirement.


As you begin to approach your retirement, you are probably beginning ask yourself several key questions: How do I plan to finance my retirement? How many years do I need to finance? How much income do I need per year?


Once you start to ask yourself these seemingly simple questions, the answers you find are often vague, scary, and keep you up at night. In fact, many retirees like you find that they have to make up an annual $10,000 gap in their income – posing a unique short and long-term problem.


However, the solution may be closer than you think. You have already done an amazing job building equity in your home, but have you ever considered using it to finance a portion of your retirement? Not only is your home most likely your biggest asset, it is your home with many memories.


Many Canadians have used the CHIP Reverse Mortgage to access up to 55%* of the equity in your home, tax-free and without any regular monthly payments!


I understand that making any large financial decision requires a lot of thought and conversations with those closest to you. I have found that involving your family early on often leads to a better outcome.


To help this conversation along, I have plenty of resources about reverse mortgages that I will be happy to share with you and your family. Please feel free to email me or give me a call anytime, and I’ll be happy to help you achieve the lifestyle you deserve!


Sincerely,


Reverse Mortgage Canada

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