Violet has been living in the quaint farm house she grew up in most of her life. She recently helped her children through some financial difficulty and eventually found herself facing a similar challenge.

After focusing her financial resources on helping her family while maintaining her aging home and lifestyle, Violet’s bills began to pile up. Although her son returned the favour and paid her property taxes. She still had some outstanding debt that needed to be addressed.

Violet wanted to access some money to renovate her kitchen and bathroom, eliminate her debt, and have a little extra income. To help her obtain her financial goals Violet’s mortgage broker suggested a CHIP Reverse Mortgage through HomEquity Bank. She was able to pay off her debt, have enough funds to renovate her home, and give her monthly income a boost.

Today, Violet enjoys the home she’s spent most of her life in and lives a comfortable lifestyle without worrying about her finances. If you would like to learn how a CHIP Reverse Mortgage can be an effective tool in your retirement plan, I’d be happy to help!

Please contact me at 587-274-3349 Karen Lagore, email:  karen.lagore@dominionlending.ca

Major life changes can happen at any time. For Mary, 67, her divorce after 40 years of marriage presented some challenges. A priority for Mary was that her home was comfortable and well-maintained.

Mary used her home equity to finance maintenance and improvements to her home. She accessed about 40% of the equity in her home with a CHIP Reverse Mortgage. Taken as a lump sum, the money financed the construction of a new deck and garage. A hot tub purchase is also planned in the near future.

Mary also used some of the money for cash flow.

It is easy to adjust to retirement knowing that my future was financially secure.