Why reverse mortgages are having a moment
The number of reverse mortgages in Canada has almost tripled over the past 5 years. Interest keeps accelerating right across the country.
That surge comes with a lot of noise — so this week we're cutting through the misinformation and covering everything you need to know about reverse mortgages.
The basics: what a reverse mortgage actually does
A reverse mortgage (the main one in Canada is called CHIP) lets you access up to 55% of the equity in your home, tax-free. You don't make monthly payments while you live there.
That money can increase your cash flow, eliminate debt, or help you check a few things off your bucket list. Many retired Canadians in your shoes have used it to turn their fortunes around.
Want to see if it fits your retirement?
If you'd like to learn how a CHIP Reverse Mortgage might help you live more comfortably, let's talk. Reach out at [sayhello@hellomortgage.ca](mailto:sayhello@hellomortgage.ca) and we'll walk through your situation together.
