Reverse Mortgages

debt-consolidation


Unlock the value in your home

 

Would you like to gain access to the equity in your home? You could:

  • Perform much needed home improvements
  • Pay off expensive, high cost debt
  • Take that once in a lifetime vacation
  • Supplement your income
  • Invest wisely to improve your monthly cash flow
  • Combine with a Rent To Own investment to supplement income while protecting capital and making the interest tax deductible.

 

Seniors today are living longer, saving less, spending more and carrying more debt. Unlocking home equity is likely the most viable solution for a significant number of people in this position.

 

Did you know:

  • Seniors are the fastest growing segment of our population?
  • 77% of senior homeowners’ net worth is represented by their home equity
  • 84% don’t want to move?

 

The plan:

  • Is available to homeowners 60 years and older
  • Makes up to 40% of the home's value available
  • Means there is no need to leave the home
  • Requires no medical, income or credit qualification
  • Requires NO MONTHLY REPAYMENTS unless you move or sell the home

 

The lender:

CHIP Home Income Plan is provided by HomeEquity Bank, a Schedule 1 Canadian Bank, which is a wholly owned subsidiary of HOMEQ Corporation, a TSX listed company which has been in existence since 1986.

 

My role:

  • As a qualified CHIP advisor is to explain the program, its interest rates and fees, and discuss with you your options, then;
  • Introduce you to the area CHIP representative so you may move your application forward

 

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