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Reverse Mortgage
CHIP Reverse Mortgage and Income Advantage Solution provided by some Lender. It is a solution designed specifically to meet the needs of Canadian senior homeowners. HomEquity Bank has used the knowledge gained over 30 years of meeting the needs of Canadian seniors combined with their conservative practices they have created the most flexible reverse mortgage solution available anywhere.
CHIP REVERSE MORTGAGE
CHIP Reverse Mortgage and Income Advantage Solution have helped thousands of people in Canada who were looking for a simple, sensible way to draw upon the equity built up in their homes.
The Mortgage Centre Canada has identified this great opportunity for its brokers and saw a 46% increase in Reverse Mortgages in 2015, just by bringing awareness to this solution.
There is a very large market WITH 1000 Canadian turning 60 each day. Recent studies proving there is currently only 10% penetration in this Reverse Mortgage sector. Seniors are the fastest growing segment in the Canadian Market place with over 26,000 telephone inquiries to the bank directly last year!
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Appraisal
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Upfront Underwriting
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Reverse Mortgage
Home owner age 55 and older, Qualify for up to 55% of the home’s Value, based on clients age, property area, description and value, Money can be received as a lump sum, planned advances over time or both, No payments required until the house is sold or both owners move out, Owner maintains title and complete control over their home
No longer a mortgage of last resort, Able to provide your clients with an alternative lending solution, Increase client cash flow, Enable them to stay in their home if they choose, Assist your Financial Planner partners with keeping their client investment portfolios in place by using their largest asset their home to subsidize income, Assist your Realtor partners with client downsizing if they fall short due to limited income
<ul>We Have Offer For You
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Delivering A Great Customer Experience
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READ MORERefinancing Your Home No Doubt About Anything
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READ MOREHave A Superior Power To Unlock The Today’s Rate
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READ MOREGet Mortgage Quote
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Get A Quote20
YEARS OF EXPERIENCE
98
VOLUNTEERS PARTICIPATED
56
VETERAN HOMES COMPLETED
90
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How Do You Qualify For A Loan?
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A Good Lender Will Clearly Explain Mortgage?
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Can You Get A Mortgage Without A Credit Score?
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How Much Home Can You Afford?
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