Hybrid Meeting - Reverse Mortgages, victor Chang

Hybrid Meeting 

12 noon - social, 12:15pm - meeting starts, 12:20pm program, 12:30pm lunch being served

Look forward to meet everyone in person, dim sum and noodle lunch $30/person. 

Please REGISTER ONLINE if you are attending in person or join us on Zoom

​ZOOM ID - 604 778 0162 | Password - 202020

https://zoom.us/j/6047780162?pwd=WjdCUWd5N1FyWnVicFI5M3FhSUZ6dz09

Hybrid Meeting - Reverse Mortgages by Victor Chang

Reverse Mortgages are some of the most requested and asked about mortgage products out there for retirees. Led by HomeEquity Bank, CHIP Reverse Mortgages has been growing at a rapid pace in Canada fuelled by an aging baby boomer generation that has capitalized on being invested in the Vancouver real estate market over the past couple decades. In fact, many retirees have realized that due the large amount of equity built up in their homes due to the growth in real estate prices, they no longer have to live “house rich, cash poor”. This often misunderstood program has many benefits including generating tax free income, paying out existing mortgages where payments are becoming increasingly burdensome, helping purchase nicer homes without mortgage payments, or helping children live closer to the parents by gifting an early inheritance in the form of a down payment helper. The possibilities are endless!

Victor Chang, Business Development Manager at HomeEquity Bank will explain how this program works, what are the common misconceptions, any pitfalls, and why you should consider Reverse Mortgages as part of your comprehensive retirement plan.