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In a whirlwind of economic changes, Canadians have weathered a storm of rate hikes aimed at curbing inflation over the past two years. These shifts have had a widespread impact, affecting Canadians nationwide. However, the tides may be turning as rates have plateaued.
To kick off the new year, HomeEquity Bank has exciting news to share! Starting January 10, 2024, the CHIP Reverse Mortgage 5-year special rate will be 6.99%*! This reduction is a game-changer, offering an open door to clients who may have hesitated due to previously higher rates.
Now is the perfect time to reintroduce the CHIP Reverse Mortgage as a viable financial solution for Canadians 55+.
Our lowered rates not only help with your client’s cash flow needs but also provide tax-free funds your clients can use to support their family’s financial needs, while safeguarding their assets. And the best part? No monthly mortgage payments are required.
Click here to explore our updated rate options!
Act fast and take advantage of our new lower rates today! Contact me to learn more about our new lower rates and how the CHIP Reverse Mortgage can help your 55+ clients live a better retirement.
*These rates are only available for new reverse mortgage originations in certain locations and are subject to meeting HomeEquity Bank’s credit granting criteria. Offer may be changed, extended or withdrawn at any time without notice. Rates are adjustments off of posted rates.
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