17 May

Stressed about your finances?

Mortgage Information

Posted by: Karen Lagore

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 […]

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16 May

Major Life Changes

Mortgage Information

Posted by: Karen Lagore

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 […]

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12 Apr

Frequently Asked Questions About Reverse Mortgages

Mortgage Information

Posted by: Karen Lagore

Got questions about mortgages? Here are frequently asked questions.  How does a CHIP Reverse Mortgage work? A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you. The big advantage with the CHIP Reverse Mortgage is […]

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12 Apr

Benefits of a Reverse Mortgage

Mortgage Information

Posted by: Karen Lagore

You receive the money tax-free. It is not added to your taxable income so it doesn’t affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) government benefits you may receive.  You can use the money any way you wish. Maybe you want to enjoy your retirement or cover unexpected expenses. Perhaps you want to […]

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