Reverse Mortgage: CHIP Mortgages(Canadian Home Income Plan)
As more Canadians reach retirement, they want to continue to enjoy the lifestyle they have created during their working years. For some Income is not an issue. But for anyone who would like to travel, buy a winter home somewhere warm, help their children financially, have extra funds for personal or medical expenses, even pay out debts to ease expenses in retirement, a Reverse Mortgage could be the answer.
The “CHIP” (Canadian Home Income Plan) Reverse Mortgage can help make it possible. Reverse Mortgages have changed a great deal over the years. They allow you to keep your home and maintain your lifestyle with tax-free income.
For details about this up coming mortgage solution for Canadian Seniors, Contact “Your Durham Mortgage Solutions Team”
Elfie Hayes as seen on the CTV National News, Rogers TV, published in RENO & Décor Magazine and profiled in Canadian Mortgage Professional Magazine.