CHIP Reverse Mortgages

photo of Terry explaining what a reverse mortgage is
Photo Credit: Mark Robinson of Baristography

CHIP Reverse Mortgages

A CHIP Home Income Plan is the simple and sensible way to turn up to 55% of the value that is locked up in your home into tax-free cash you can use today!

You maintain ownership and control of your home while enjoying all the benefits of having converted some of its value into cash. For all these reasons, a CHIP Home Income Plan is a sound financial solution for many people.

Why not start the ball rolling and call me today, you could have up to 55% of your property’s value in your bank account within a very short time.

CHIP is designed exclusively for senior homeowners 55 and older.

  • You can receive up to 55% of your home’s value (determined by appraised value and your age(s)
  • You receive the money tax-free, since it is a loan so it is not added to your taxable income.
  • No payments required while you or your spouse live in your home; amount becomes due when you sell.
  • Your estate is well-protected. You can save on taxes, e.g. if you decide to buy non-registered investments such as GICs or mutual funds.

Contact me today for more information!

Cell: 416-315-1787

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