It’s a reverse mortgage type where you secure a loan against your home’s equity or value. You can unlock your home’s value without having to move or sell your property, and you can use the money as you wish without having to pay any taxes on it.

You can use CHIP reverse mortgages in BC to travel worldwide, enhance your living standards, help out your children, handle unexpected financial situations, and pay off any long-accrued debts. The best part about this reverse mortgage loan is that:

You don’t have to sell your home
There are no monthly payments for the loan
You can use up to 55% of your home’s equity
Achieve financial freedom
Enjoy your retirement by traveling the world
Control your finances and never worry about debt payments

Any Canadian above 55 years of age who owns their house and resides in it permanently can qualify for CHIP reverse mortgages in BC. You won’t be required to take a health or medical test and can enjoy the rest of your days without worrying about money problems.

The only thing you will have to do is keep your property well-maintained, pay all your property taxes and insurance fees so the house doesn’t default, and live like a king or queen in retirement. CHIP Reverse mortgages in BC are among the best options for people living in expensive houses in BC.

To know more about Mortgages Brokers in Prince George please visit our website: reversemortgagesinbc.com