Are you one of many Canadians in need of a little extra cash?
If you’re already retired and unable to qualify for new loans, instead of relying on credit cards or withdrawing from an existing line of credit, I can assist you in finding a unique financial solution that is tailored to Canadians, just like you.
A reverse mortgage allows you to unlock the equity in your home to increase your monthly cash-flow, tax-free.
The CHIP Reverse Mortgage is a long-term solution that provides the following benefits:
The ultimate deferral plan: no regular (monthly) payments required
No Negative Equity Guarantee: You never owe more than the value of their home
You have the flexibility to withdraw funds in a lump sum or in monthly installments
You have the ability to consolidate existing debt that requires monthly payments into a single, no payment CHIP Reverse Mortgage
As long as the client meets their mortgage obligations, which includes maintaining home insurance and property taxes, HomeEquity Bank guarantees that the amount they will have to pay on their due date will not exceed the fair market value of their home.
Stay in the house you love
A recent Ipsos poll found that 93% of Canadians want to stay in their home during retirement. Many are on a fixed retirement income, which can make it difficult without extra financial help.
How the CHIP Reverse Mortgage can help you
More Canadians are turning to a reverse mortgage: Access up to 55% of the equity in your home in tax-free cash to help you stay in your home and live the lifestyle you deserve.
Some of the most popular reasons for taking out a CHIP Reverse Mortgage:
Stay in the home you love without the need to move or downsize
No monthly payments required until you no longer live in the home
Boost retirement income and ease financial pressure
Enjoy retirement by travelling and dining out more
Pay for healthcare expenses, renovations or accessibility retrofits
Pass on an early inheritance
Give me a call if you would like to talk more about how a CHIP Reverse Mortgage can help you boost your retirement income.