We can access up to 55% of your home’s value. How do we do it?
Did you know that reverse mortgages in Canada increased by 30% in 2022 to over $1billion for the second year in a row? The main benefit of a reverse mortgage is that homeowners can access equity in their home without the need to sell.
At Garrett Mortgages/CENTUM, we use a CHIP Reverse Mortgage to reverse the financial equation. Like many individuals, your net worth will be tied up in savings and your home when you reach retirement. With the increase in the housing market, the majority of your net worth could be derived from your home. With a CHIP Reverse Mortgage, you can access the equity in your home without giving up ownership. Contact us today to learn about the latest CHIP reverse mortgage rates in Canada.
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