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.