Reverse Mortgage
Who qualify to get reverse mortgage; 55 + Canadian.
Why do you need reverse mortgage; allow you to access tax free cash from your home to take advantage of diversified investment opportunities.
Reverse mortgage is good for purchase and refinance
Lending areas; National coverage for reverse mortgage in Canada
Products; Chip reverse mortgage and Income advantage
Chip reverse mortgage allow you to access up to 55% of the value in your home and is ideal for homeowner 55 + who are looking for an initial lump sum.
Income advantage is ideal if you are simply looking to supplement your monthly income. The minimum initial advance is $20K but you can receive more. Planned advance funds are distributed starting at $1000 monthly or $3000 quarterly, and amounts can be increased to meet your needs.