Are you 55+? Or are your loved ones retired?
Did you know that there is a great product for those 55+ to access their home’s equity tax free and not make any mortgage payments?
A reverse mortgage is a versatile and flexible financial solution for Canadians in their retirement years. Homeowners 55+ are unlocking their home equity for tax-free funds that don’t have to be repaid until they decide to sell their homes.
Contrary to popular belief, with a reverse mortgage the homeowner will remain on the title and ownership of the home. It will also pay off your conventional mortgage along with any other secured debt, and requires no monthly payments as long as the homeowner is living in the home. But HomeEquity Bank can secure up to three properties for a client.
Consider these four reasons Canadians 55+ turn to the CHIP Reverse Mortgage by HomeEquity Bank:
- Alleviate the stress of debt.
You are struggling with mortgage payments and credit card bills, prefer not to tap into savings or investment portfolios, or are incurring more debt due to unavoidable expenses.
- Pay for unplanned expenses.
You are faced with unexpected home repairs such as a leaky roof, retrofitting for mobility reasons, or need to hire in-home healthcare to assist with day-to-day.
- Want to live life to the fullest.
You have more time to do the things you want – but not the funds. For example, you want to purchase a summer property or take your dream vacation.
- Maintain a standard of living.
You are experiencing a shortfall in your retirement funds while trying to maintain the lifestyle you and your family are accustomed to.
If the above relates to you, don’t hesitate to contact us to find out what a reverse mortgage could do for your household.
You can contact our office at 604-552-6190 or you can CLICK HERE to book a call with Trish!
Never hesitate to contact us if you have any questions at all!
Trish & The Primex Team