CHIP Reverse Mortgage
When most of us dream of retirement, we imagine ourselves in our own homes – sharing a meal with family or just relaxing in a comfortable spot.
For over 25 years The Canadian Home Income Plan (CHIP) our reverse mortgage solution has helped thousands of older homeowners enjoy more financial flexibility without having to sell or move. CHIP might be the solution for you – Steve Ranson, President and CEO HomeEquity Bank
Features of a CHIP Reverse Mortgage
- Homeowners age 55 and older
- No payments are ever required
- No Income qualifications
- No Credit requirements
- Qualify for up to 50% of the value of the home
- Money can be received as a lump sum, or over time or combination
- Owner maintains title
- They can sell or move at anytime
- Receive the money tax free
Contact me today to discuss CHIP Reverse Mortgage solution and to learn more on how you can unlock the value in your home.