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19 Jan

CHIP Reverse Mortgage

General

Posted by: Diana Diamond

CHIP is a reverse mortgage, a loan secured against the value of your home. It let’s you unlock the value in your home without having to sell or move.

The money you receive is tax-free and yours to use as you wish!

– Pay off debt

– Improve your home

– Handle unexpected expenses

– Help your children or grandchildren

– Improve your day-to-day standard of living

– Make a special trip or purchase

 

Benefits of CHIP:

Keep your home and stay in your community

No payments until you no longer live in your home

Relieve financial stress – use up to 55% of the equity in your home to pay off debt or handle unforeseen expenses

Enjoy retirement – the money you access is tax-free

Take Control! Get your finances under control and gain the freedom to set your own plans and priorities.

 

Who can Qualify?

Canadian homeowner

Age 55 or older

Own your home

It is your primary residence

NO health check required

 

Call or email for more information about the CHIP Reverse Mortgage or any other mortgage products!