CHIP Reverse Mortgage Blog
Category: Reverse Mortgages for Canadians (11 posts)
July 12, 2018 | Posted by: Joy Pike
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...
June 14, 2018 | Posted by: Joy Pike
Like most Canadians over 55, your home is your largest asset and part of your retirement plan.
You could wait until then to enjoy the 'fruits of your equity,' or unlock the value in your home now wit ...
May 17, 2018 | Posted by: Joy Pike
Reverse Mortgages have been available in Canada for over 25 years, but there are still many myths and misconceptions about them, some are understandable and some are simply not accurate. If you are co ...
May 3, 2018 | Posted by: Joy Pike
A Reverse Mortgage in Canada is just like most other mortgages, with a couple of important exceptions... it is only available to seniors aged 55 years or older and there are no monthly repayments requ ...
April 19, 2018 | Posted by: Joy Pike
The cost of living in Canada has risen by almost 18% since 2007, according to the Statistics Canada Consumer Price Index. Over that same period, many Canadian’s age 65+ income has remained the s ...
Reverse Mortgage Facts You Need to Know for people in and around the Caledon, Vaughan and Bolton areas
April 5, 2018 | Posted by: Joy Pike
Reverse Mortgages have been available in Canada for almost 25 years now however there are still many myths about what it is exactly. Let us help you distinguish fact from fiction.What is a Reverse Mor ...
March 27, 2018 | Posted by: Joy Pike
Healthcare costs for aging Canadians is a topic that many retirees have underestimated. In fact, in the 2014 Sun Life Canadian Health Index, 44% of Canadians didn’t expect to pay anything for me ...
March 11, 2018 | Posted by: Joy Pike
Reverse mortgages are commonly mistaken for charging a lot of upfront costs. In reality, the CHIP Reverse Mortgage has many of the same costs as a regular mortgage in Canada.Interest RatesReverse mort ...
March 6, 2018 | Posted by: Joy Pike
We often receive comments about how applying for a reverse mortgage will take away the inheritance from your kids and your family. This is a common misconception. Many of our customers choose to take ...
February 22, 2018 | Posted by: Joy Pike
How do Reverse Mortgages Affect Canadian Heirs?For Canadian seniors, there is a great way to get the most out of the equity in their home. Home prices tend to rise and equity builds in the property. H ...