Still not sure if a Reverse Mortgage is for you? We'll send you a FREE guide that will answer all your questions and more.
 
Its written by Financial Experts, and will tell you the good, the bad, and the ugly!

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

FACEBOOK

TWITTER

YOUTUBE

LINKEDIN

*By entering your e-mail address you accept the terms and conditions.

Search
  • Reverse Mortgage Canada

Reverse Mortgages – Fastest Growing Mortgage Product in Canada! - Why?


  • 30% of the population is age 60+

  • Roughly 50% of those are finding the majority of their wealth tied up in their homes, yet they don’t want to sell, but would like access to some of that savings to fund their retirement

Are you, or maybe your parents or grandparents in a “house rich, cash poor” situation?

-A Reverse Mortgage is essentially like a secured credit line, where clients age 55+ can access up to 55% of the value of their home, in tax free cash, but with NO MONTHLY PAYMENTS REQUIRED.

Common Uses:

  • Pay off mortgage or other debts that have accumulated for various reasons, eliminating those monthly payments

  • Pay for renovations or modifications to the home for aging in place, or for in home care as needs increase

  • Supplement pension income to enjoy life, travel, and live the retirement you dreamed of

  • Help family by way of early inheritance to assist with down payment of a home, education, etc.  Enjoy some of the inheritance WITH your family, instead of just passing on money

  • Purchase a vacation or rental property, or use for other investment, etc…


23 views