Mortgage financing for older Canadians
Use the equity you have in your home to enhance your lifestyle. You've got options!
As Canadians live longer, healthier lives,
retirement is getting more expensive.
Unfortunately, most traditional retirement plans aren't designed to withstand the financial pressures caused by living longer, which creates tremendous stress and uncertainty. Let me show you how
accessing the equity in your home, as a financial planning strategy, will alleviate stress and enhance your lifestyle.
So here's the plan!
Start Now
There's a lot of information to consider when looking to access the equity you've built up in your home. The earlier you start the process, the better prepared you'll be to make the best decision. When you contact me, there is no pressure or obligation to move forward.
Assessment
Let's take a look at your financial situation and assess the best steps to move forward. If you're over 55 and have significant home equity, you've got options including standard mortgage financing, a home equity line of credit or a reverse mortgage.
Enhance your lifestyle
There are many reasons you might decide to access the equity in your home. The goal should be to use the money you've worked so hard for to do whatever you like. Enjoy the freedom this could bring to your life, after all, it's your money.
CHIP Reverse Mortgage for canadians 55 and over
Access up to 55% of your home value in tax-free cash while keeping the home you love,
with no monthly mortgage payments required.
IS THE CHIP REVERSE MORTGAGE RIGHT FOR YOU?
As a Canadian aged 55 or older, you've reached a significant milestone in your life—retirement. This phase comes with a variety of financial options to consider, but not all of them are the right fit for everyone. It's crucial to take some time for reflection and choose a financial solution that aligns with your specific retirement needs and aspirations. One versatile option worth exploring is the CHIP Reverse Mortgage by HomeEquity Bank, which can help address various financial challenges faced by Canadians in their golden years.
The same home that provided a great place to raise your family can support you through retirement
Let me show you how.
Resources to help as you plan through your retirement.
4 Ways to Access your Home Equity
If you’ve been a homeowner for many years, likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Learn about how you can access that equity here.
Mortgage Options for Older Canadians
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. Learn more about how using home equity can provide financial freedom for you or someone you love.
Benefits of Working with an Independent Mortgage Professional
Simply put, an independent mortgage professional works for you and has your best interest in mind, while a bank specialist works for the bank and has the bank’s best interest in mind.
What Banks Won't Tell You About Mortgage Financing
Working with a single financial institution significantly limits your options when considering mortgage financing, especially if your financial situation isn’t straightforward.
Mortgage financing might just be the solution to living a better lifestyle. It would be a pleasure to walk you through all your financing options.
Jamie Ushko
Mortgage Broker
Phone: (250) 318-4312
Email: jamie@mortgagesbyjamie.com
BCFSA #504926
293 First Ave. Kamloops BC V2C 3J3