Reverse Mortgage
Victoria Mortgage Broker
Did you know that the CHIP reverse mortgage is one of the fastest growing financial products in the country?
With many Canadian’s wealth tied into the equity in their home, homeowners are taking advantage of this versatile product to assist them with the many stages of retirement or to help their younger family members with their first home. Some key benefits include:
- Create a tax-free income
- Interest-only or payment-optional mortgage repayment plans
- Stay in the family home and avoid selling or downsizing
- No income or credit requirements for approval
- Vacation Properties
- Second Homes
- Provide a gift to a family member for a down payment
- Temporary or short-term financing options