Discover The Real Pros & Cons Of A Reverse Mortgage In Canada - The Inside Secrets On CHIP & Other Options
Get all the real pros & cons of reverse mortgages to see if they're right for you.
This is a MUST read before you decide on a reverse mortgage in Canada...
Discover the most important secrets, the hidden costs & fees, dangers & drawbacks - you won't find this anywhere else.
This free guide will show you the truth.
Discover The Real Pros & Cons Of A Reverse Mortgage In Canada - The Inside Secrets On CHIP & Other Options
Get all the real pros & cons of reverse mortgages to see if they're right for you.
This is a MUST read before you decide on a reverse mortgage in Canada...
Discover the most important secrets, the hidden costs & fees, dangers & drawbacks - you won't find this anywhere else.
This free guide will show you the truth.
Written By A Chartered Accountant - Who Won Several Mortgage Awards For This Free Guide - Award Winning Information & Advice You Can Trust
Here's What Other Canadians Have Said After Discovering The Real Pros & Cons Of A Reverse Mortgage In This This Ground Breaking Guide:
“After hours of research I found the info I really needed in your free guide in minutes. Well done & my thanks for that.”
Erich
Toronto, Ontario
"The information you are sending is outstanding.”
Mike
Vancouver, BC
"I have downloaded the booklet which was very informative. Definitely helps a lot. Thank you very much.”
Glen and Sherry
Calgary, AB
This Free Guide Has Helped Over 20,350 Canadians Discover The Pros & Cons Of A Reverse Mortgage - And Finally See If It Is Right For Them...
You can join them in getting the key advantages and disadvantages, hidden costs & fees and all the information you need to know right now - simply click the button below to get your copy.
About The Author
Mich Sneddon, CPA, CA
"I'm a Chartered Accountant and Mortgage Broker licensed in Ontario, BC and Alberta.
From 2016 through to the current year I've been the #1 reverse mortgage broker in Canada - because of the help and advice I've been able to offer my clients.
I believe that no-one understands reverse mortgages in Canada better than I do - and I make sure you get all the facts you need to help with your decision.
With my free service, you can get independent, impartial and professional advice as to the best reverse mortgage deal - as well as the lowest costs & fees.
It's completely free with no obligations and no hard sales pitch - I provide the information you need so that you can make your own informed decision."
About The Author
"I'm a Chartered Accountant and Mortgage Broker licensed in Ontario, BC and Alberta.
I was named one of the top Mortgage Professionals in Canada thanks to all the people I have helped with my free reverse mortgage guide.
There is a lot of bad and incorrect information out there about reverse mortgages - that's why I created my free guide on how reverse mortgages work.
With this, you can get independent, impartial and professional advice as to how a reverse mortgage works and if it's right for you."
Mich Sneddon, CPA, CA
Discover The Truth And The REAL Pros And Cons Of Reverse Mortgages In Canada
There is so much poor information out there about reverse mortgages and their advantages and disadvantages...
This free guide will give you the real pros and cons.
In addition to this, you'll discover:
- All the hidden costs & fees
- How a reverse mortgage compares to a Home Equity Line Of Credit (HELOC)
- Key facts that you won't find anywhere else
- And much more...
Discover The Truth And The REAL Pros And Cons Of Reverse Mortgages In Canada
There is so much poor information out there about reverse mortgages and their advantages and disadvantages...
This free guide will give you the real pros and cons.
In addition to this, you'll discover:
- All the hidden costs & fees
- How a reverse mortgage compares to a Home Equity Line Of Credit (HELOC)
- All the key facts that you won't find anywhere else
- And much more...
As Featured In:
FREQUENTLY ASKED QUESTIONS
Common Questions About Reverse Mortgage Pros & Cons And This Free Guide
What exactly is a reverse mortgage?
A reverse mortgage is a specialist home loan only available to people in Canada over the age of 55. It is called this because - unlike other mortgages - it doesn't require regular monthly payments.
You must be over 55 years old to qualify for one and the maximum amount you can borrow is 55% of the value of your home - usually they are offered for around 10% to 55% of your home's value.
Interest is charged but added to the amount owed, instead of being paid every month.
How do I take out a reverse mortgage?
At present, the "Big 5" Canadian banks - RBC, BMO, CIBC, Scotiabank and TD do not offer a reverse mortgage.
There are several lending options available though - depending on where you live - including Home Equity Bank (the 'CHIP' reverse mortgage - see below), Equitable Bank and Bloom.
Manulife and Fraction also have products that can work in a similar way to a reverse mortgage - please contact me if you are interested in learning more about this.
How much does your service cost?
Just so you have it in black and white: my guide, my free 90 second reverse mortgage assessment and all the advice and recommendations I provide you regarding a reverse mortgage are completely free - you will never pay me a penny (ever) for any of my reverse mortgage advice.
What is CHIP?
CHIP stands for the Canadian Home Income Plan (CHIP) - this refers to the reverse mortgage offered by Home Equity Bank - one of several lenders offering a reverse mortgage in Canada.
It is what they previously called this before they changed it to 'CHIP reverse mortgage'.