CHIP
When most of us dream of retirement, we imagine ourselves in our homes – sharing a meal with family or just relaxing in a comfortable spot.
But retirement can also bring financial strain. Seniors often face the challenge of managing with less cash flow than they anticipated or coping with unforeseen expenses.
Retirement is that phase of your life where you can sit back, relax, and spend precious time with your loved ones. However, retirement can also usher in a log of financial strain. Several senior citizens face the challenge of managing low cash flow and coping with unforeseen incidents. Jaspreet Bansal is dedicated to empowering and bolstering the needs of older Canadian homeowners with innovative and simple solutions. So, get in touch with us to use the value of your home during retirement and secure your financial future.
Features of a CHIP Reverse Mortgage
- Homeowners age 55 and older
- No payments are ever required
- No Income qualifications
- No Credit requirements
- Qualify for up to 50% of the value of the home
- Money can be received as a lump sum, or over time or combination
- Owner maintains title
- They can sell or move at anytime
- Receive the money tax free
