1885 Marine Drive, North Vancouver, BC V7P 1V5
Mortgages for Seniors & Retirees, North Vancouver, BC
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Description
A reverse mortgage is a mortgage designed specifically for the changing financial needs of Canadian seniors. HomEquity Bank, Canada's reverse mortgage provider, offers their CHIP Home Income Plan loan as well as their newer Income Advantage product. Both products are reverse mortgage products secured by the equity in your home.
The most important difference between a reverse mortgage and a conventional mortgage or line of credit is that the homeowner does not have to make any payments, interest or principal for as long as the homeowner or spouse continues to live in the home.
Categories & Keywords
- Real Estate
- Reverse Mortgage
- Loans Mortgage
- Loan Service
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