Our Goal
to help you enjoy life on your terms
Keep Your Equity
You keep all the equity remaining in your
home.
Maintain Ownership
You maintain ownership and control of your home.
Tax-Free Money
Your money is not added to your taxable
income.
Our team of CHIP Certified Reverse Mortgage professionals, offering over 25 years of experience, specialize in creating individualized mortgage plans for our clients. The process is simple and confidential, and we are typically able to provide a pretty clear map in as little as 24 hours.
Apply Online Now with no obligation and receive our Current Reverse Mortgage Calculator Rates.
Looking for a standard Mortgage or Mortgage Broker? Click here for our sister website, www.jodyhenry.ca.
Easy, personalized consultation that works for you: telephone, Facetime, Skype or if we are able, face to face. The choice is yours!
Fill out our simple application form and get a personalized reply by phone or email, in 24 hours or less.
Simple, easy access to the equity in your home! It’s more attainable than you may think, contact us now!
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 that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.
Who is it for?
The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.
How much can I get and how is it calculated?
You can receive up to 55% of the value of your home. The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for.
How do I receive the money?
You can choose how you want to receive the money. The CHIP Reverse Mortgage gives you the option of receiving all the money you’re eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. Planned advances are available on the Income Advantage product.
Will the homeowner owe more than the house is worth?
The homeowner keeps all the equity remaining in the home. In our many years of experience, over 99% of homeowners have money left over when their loan is repaid. The equity remaining depends on the amount borrowed, the value of the home, and the amount of time that’s passed since the reverse mortgage was taken out.
Jody Blue is a trusted, industry-leading, Canadian mortgage professional with over 25 years experience.
Take the hassles out of the mortgage process and simplify your life.
Call today.
Purchasing a home for the first time, taking out equity from your home, or your mortgage is simply up for renewal?
You will benefit from the trust, confidence, and security of knowing you are getting the best mortgage for your needs.