Reverse Mortgages (55 yrs+)

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Reverse Mortgages (55 yrs+)

Published: September 15th, 2019 • Last Updated: January 6th, 2021
Author: Ross Taylor on AskRoss.ca

If You Have Considered a Reverse Mortgage, Now Might Be the Best Possible Time to Tap Into Your Home Equity

CHIP-Banner Reverse Mortgage is an idea whose time is now. Factor together our aging population, exploding home values, and the high cost of living, there is so much home equity that seniors age 55 and over can tap into. The list of possible uses is limited only by your imagination:

  • Pay off debt
  • Need additional income
  • Wish to travel
  • Wish to buy a second home or vacation property
  • Build an investment portfolio
  • Help out kids and grandchildren with home ownership and higher education
  • Enjoy your home for the rest of your days, even with limited income

Benefits of the CHIP Reverse Mortgage and the CHIP Income Advantage Mortgage Product include:

  • Keep your home
  • Pcertified reverse mortgage specialist rovide additional income
  • No regular payments
  • Relieve financial stress
  • Enjoy retirement
  • Take control

To find out if a reverse mortgage makes sense for you or someone you love, please call Ross at 416.989.1050 or email [email protected]

About HomEquity Bank

HomEquity Bank is a Schedule 1 Canadian Bank offering reverse mortgages www.homequitybank.ca. The company was founded in 1986 as an annuity based solution addressing the financial needs of Canadians who want to access the equity of their top asset – their home.

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​Ross Taylor
One of Toronto/GTA's Most Trusted and Knowledgable Mortgage Agents

Ross Taylor is recognized by his peers as one of Canada's pre-eminent difficult mortgage specialists. His ASKROSS blog and column ​ in Canadian Mortgage Trends are focused on the intersection between mortgage financing and personal credit.

With unique dual certification as a licensed credit counselor and mortgage agent, Ross's insights are valued by mortgage professionals and homebuyers alike.

If you have questions about anything financial or mortgage-related, please contact [email protected]. Ross answers everyone personally.

​For more information, visit About Ross Taylor.