Have Home Equity?

Unleash the Power of That Equity Today!

Are you a senior over 55 years of age? You could be living in the most powerful cash management tool available. Your home can be the key to unlocking a secure, worry-free and more comfortable future!

Don’t Sell Your Home – Reverse Mortgage It.

Keep more money with a Home Income Plan.

Service costs of selling your home can be substantial. These are likely to be around $15,000 (for a sale price of around $300,000) to upwards of $50,000 (for a sale price of around $700,000) — even higher for higher sale price. So even though selling your home will increase your cash on-hand, you’ll give a lot of that cash from the sale to someone else. And you’ll still need to find another place to live and of course there are costs attached to that also.

The tax benefits of reverse mortgage CHIP loans can be significant.

When you take the CHIP reverse mortgage route, you will not owe Revenue Canada anything, because you’re taking a loan. There are huge savings right there. You get to keep keep more money for you!

That’s not all. Your costs are far less than $30,000. On a reverse mortgage, CHIP would only cost a maximum of about $2,400 (more often about $2100). That covers:

· A home appraisal ($265 – to calculate how much you qualify for)
· Independent legal fees ($300 to $600)
· Closing costs ($1495)

Best of all you don’t have to find a new home because you get to stay in your home.

Connect with Nadir, The Mortgage Man NOW - and get the answers you need right away!

CHIP Home Income Plans Give You More Options.

Like many Canadian seniors, are you house-rich and cash-poor? Is the money provided by your RRSP and other investments or Canadian Pension Plan disbursements just not enough to get you through the month? Then consider a reverse mortgage – a simple, safe and hassle free option!

A reverse mortgage is often called a home income plan because it helps you gain access to some of the income you put into your home over the years. Your equity and the value of your home is most likely to have grown substantially. It will most likely continue to grow.

A CHIP Home Income Plan gives you another way to access the value of your home’s equity. With a home income plan, you don’t have to:

Sell your home to meet your immediate cash needs.
Take out a home equity line of credit.
Pay anything back until you move or sell your home, unless you want to.
Have any income.
Have good credit
Be in good health

And the best thing about it is this. 99% of reverse mortgage borrowers still have over 50% equity in their homes when the time does come to sell, without paying anything back. This means you can still leave something to your loved ones and meet your own needs at the same time.

These are all reasons reverse mortgages/home income plans could be a better option than selling your home and investing the proceeds.

Learn more. Get straightforward answers quickly. Consultation is Free.

Contact with Nadir, The Mortgage Man NOW!

Learn how to keep control of your finances using a Reverse Mortgage!

A CHIP reverse mortgage gives you more control over your finances. For example, you can use the money from your reverse mortgage to:

Pay for home improvements that will increase the value of your home
Discharge all your debts
Invest in something that generates income
Assist family
Enjoy vacations that weren’t possible before

Reverse mortgage loans are the smart, conservative way to secure the type of financial future you want. The process is very simple and secure.