Reverse Mortgages Explained - Including Case Examples

Reverse Mortgages Explained - Including Case Examples 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗖𝗛𝗜𝗣 𝗥𝗲𝘃𝗲𝗿𝘀𝗲 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲? CHIP is a reverse mortgage, a loan secured against the value of your home. It lets you unlock the value in your home without having to sell or move away. The money you receive is tax-free and yours to use as you wish. ✅ Pay off debts ✅ Handle unexpected expenses ✅ Help your children or grandchildren ✅ Improve your day-to-day standard of living ✅ Make a special trip or purchase 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗖𝗛𝗜𝗣 ➡️ Keep your home & Stay in your home and community. ➡️ Maintain complete ownership and control of your home for as long as you choose to stay. ➡️ No payments. With CHIP you never make a payment until you decide to move or sell. ➡️ Relieve financial stress. Use up to 55% of the equity in your home. ➡️ Enjoy retirement. The money you access through CHIP is tax-free. ➡️ Take control. Get your finances under control and gain freedom. Video Chapters 00:00 Introduction 01:19 Recent Survey - Canadians want to remain in their home 03:48 CHIP Reverse Mortgage Advantages 05:30 Qualifying for a Reverse Mortgage 07:09 CHIP Mortgages Rate 10:16 How Grandparents can use CHIP Reverse Mortgage to help their family 12:10 Buying a Vacation Property 13:25 Rate Comparison 14:50 Equalization between family members 21:00 How a Reverse Mortgage can help in times of poor health 21:45 Can you have a Reverse Mortgage if you have tenants in your home? 27:00 Where is a Reverse Mortgage not a good fit? 30:25 Using a Reverse Mortgage to fill an income gap period 45:00 How to Keep the Cottage The Cottage 48:00 Cash to help pay for Healthcare needs 52:45 Life Insurance - Cash to pay for life insurance ➤ 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗜𝗻𝗾𝘂𝗶𝗿𝗶𝗲𝘀: Andrew Cairns Business Development Manager HomeEquity Bank ☎️ Toll-free: 866-952-2447 ☎️ Phone: 416-389-1447 📥 email: [email protected] 🌐 https://www.homeequitybank.ca/ If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to schedule your confidential meeting with me.  You can schedule your meeting here: https://meetings.hubspot.com/david-aaron ➤ 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 to our Channel here: http://bit.ly/2lPUJjA​​​ ➤ 𝐇𝐨𝐰 𝐈 𝐡𝐞𝐥𝐩 𝐌𝐲 𝐂𝐥𝐢𝐞𝐧𝐭𝐬 𝐀𝐜𝐡𝐢𝐞𝐯𝐞 𝐓𝐡𝐞𝐢𝐫 𝐆𝐨𝐚𝐥𝐬: https://youtu.be/xtRIhNrw7ho ➤ Business Inquiries: ☎️ 1-866-623-8368 📥 [email protected] 🌐 https://aaronwealthmanagement.com/ 📅 https://meetings.hubspot.com/david-aaron ⚡ Connect with David Aaron on Social Media Facebook: https://www.facebook.com/aaronwealthmanagement LinkedIn: https://www.linkedin.com/in/aaronwealthmanagement/ Instagram: https://www.instagram.com/bizwealthadvisor/ Pinterest: https://www.pinterest.ca/aaronwealthmanagement/ Toronto Mississauga Oakville Burlington Brampton Woodbridge Vaughan Richmond Hill Newmarket Thornhill NorthYork GTA Etobicoke Markham Aurora King City Ontario Manitoba British Columbia Alberta New Brunswick #reversemortgage