I'm a certified reverse mortgage specialist.

LET'S SEE IF A REVERSE MORTGAGE
IS RIGHT FOR YOU.

THE REVERSE MORTGAGE PROCESS

In 4 Easy Steps

STEP ONE

Decide

Decide how much of your home equity you would like to access without scrutiny of your income, credit, or health.
STEP TWO

Consult

Contact me to find out how much you qualify for. I will personally walk you through the entire process from start to finish.
STEP THREE

Receive

Receive the money you need in one lump sum or multiple instalments. Spend the money however you like!

STEP FOUR

Enjoy

The full amount only becomes due when you and your spouse pass away, when your home is sold, or if you decide to move.

YOUR NAME

This is where we will include a personalized heading for you. 

Here's where your bio will go. Typically a good bio will be no more than 125 words and focus on how you can help meet your client's needs. If you want more space to share, we will add a button that links to a separate about me page. 

If you'd like us to help with your bio, we'll need to know what year you started brokering, your ideal client, and any other fast facts you'd like people to know. 

Most clients checking you out online are just wanting to see that you're a real person. As they've been referred by someone you know, they just need a little about you to build some trust.
555-555-5555 | email@email.com | Your Address Here 

FREQUENTLY ASKED QUESTIONS

  • How does a CHIP Reverse Mortgage work?

    A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.


    The big advantage with the CHIP Reverse Mortgage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.

  • How do I receive the money?

    You can choose how you want to receive the money. The CHIP Reverse Mortgage gives you the option of receiving all the money you’re eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. Planned advances are available on the Income Advantage product.

  • Will the bank own the home?

    No. The homeowner retains title and maintains ownership of the home. It’s required for the homeowner to live in the home, pay taxes on time, have property insurance, and maintain the property in good condition.

  • Should reverse mortgage only be considered as a loan of last resort?

    No. Many financial professionals recommend a reverse mortgage to supplement monthly income instead of selling and downsizing, or taking out a conventional mortgage or a line of credit.

  • Who is it for?

    The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.


    How much can I get and how is it calculated?


    You can receive up to 55% of the value of your home. The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for. 

  • Will the homeowner owe more than the house is worth?

    The homeowner keeps all the equity remaining in the home. In our many years of experience, over 99% of homeowners have money left over when their loan is repaid. The equity remaining depends on the amount borrowed, the value of the home, and the amount of time that’s passed since the reverse mortgage was taken out.

  • What if the homeowner has an existing mortgage?

    Many of our clients use a reverse mortgage to pay off their existing mortgage and debts. 

  • What fees are associated with a reverse mortgage?

    There are one time fees to arrange a reverse mortgage such as an appraisal fee, fee for independent legal advice as well as our fee for administration, title insurance, and registration. With the exception of the appraisal fee, these fees are paid for with the funding dollars.

TESTIMONIALS

CONTACT ME

Choose the most convenient method to get in touch and we can see if a reverse mortgage is right for you!
10 Street Name,
City Name, Postal Code

555 555 555
example@mail.com

Contact Us