Achieve Financial
Peace of Mind
What Is A Reverse Mortgage?
A reverse mortgage is a loan you take out against the value of your home. A reverse mortgage is also known as an equity release. It provides a tax-free cash loan of up to 55% of your home’s value, meaning you can gain financial freedom without having to downsize or go through the hassle of selling your home.
How Does A Reverse Mortgage Work?
A reverse mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you. The big advantage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada.
Click below to read more frequently asked questions (FAQ)
Why Choose Our Reverse Mortgage?
We know how tough it is to feel confident while having to make several financial decisions. It's hard to know what a reverse mortgage even is if you're struggling financially. Our Reverse Mortgage is your step towards qualifying for this exceptional means of financing your future safely, without giving up your comfortable lifestyle or the home you've lived in for years already.
Our Reverse Mortgage is led by Kristin Woolard, a professional and experienced mortgage broker since 2002. If you're at all interested in signing up for a reverse mortgage, you and your spouse are age 55+, and you don't quite know where to start, Kristin can help you make the mortgage decisions that'll help you and your family the most.
CHIP Reverse Mortgage Guidebook
Still need help? Get a digital copy of our CHIP Reverse Mortgage Guidebook