About this product
There a some things we know for sure!
? The value of your home has grown since you bought it.
? It probably makes up most of your net worth.
?If you are 55 years old or more, why not turn some of your home equity into tax-free cash?
? You can do this with a CHIP Reverse Mortgage.
? Typically you can access up to 55% of the value of your home.
? The amount that you can access is based on-
? your age
? property location ? home type
? appraised home value
? Whether you require financial assistance or just want access to more money while you enjoy retirement life, there are many reasons why you may want to consider a reverse mortgage.
A lot of people over 55 consider a reverse mortgage as a way to access tax free funds.
?? Rather than moving, some retirees might want to access some extra cash so that they can renovate their existing home to make it a safe and functional place to live.
? The CHIP Reverse Mortgage allows you to do this. It's all structured around you. You can choose to receive your tax-free money over a longer period of time or all together.
? If at any time you want to repay the principal and interest in full, or switch to paying interest on an annual or monthly basis, you can do that too.
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