Reverse Mortgages in Ancaster, Ontario
You're In Control with a Reverse Mortgage
You worked hard to become a homeowner, and it's important to us that we keep it that way. With a CHIP Reverse Mortgage, you always maintain control of your home*. In other words, you will never be forced to sell or move as a result of changing home values or earning power (remember, there are no payments). And we guarantee the amount that you or your estate eventually has to repay will never exceed the fair market value of your home at the time it is sold.*
There’s no reason your home should ever be a burden to you or if you're like many other 55+ Canadians, much of what you own fits into two categories—the equity in your home and the money you've saved. Chances are, the value of your home has grown over the years and makes up a good portion of your net worth. While having a home that has built value is a positive, you typically can’t spend that value unless you sell it. And that’s something many homeowners simply do not want to do.
That’s where CHIP comes in.
A CHIP Reverse Mortgage lets you change the home equity and savings balance by turning some of your equity into cash. Unlike many mortgage-based financial products, you’re not obligated to make any payments until you choose to move or sell. What makes this program work is that participants only take up to 55% of the value of their homes, which ensures you have access to the cash you want and also the security you need.
Marisa Nguyen Mortgage Consultants Group can get you a mortgage that suits your needs in most situations regardless of your circumstances, at a competitive mortgage rate.
For self-employed workers you will have to provide 2 years of Revenue Canada Notice of Assessment.
Experienced Mortgage Agent Marisa Nguyen offers Professional Mortgage Services with the best mortgage rates available to clients across Ancaster, Hamilton, Burlington, Niagara Falls, St. Catharines, Guelph, Milton, Oakville, Mississauga, Brantford, Grimsby, Kitchener, Niagara on the Lake, Toronto, Simcoe, and Port Dover, Ontario.