61% of Canadians want to stay in their homes when they retire!
A recent study of 1054 Canadians aged 45-60 conducted by Ipsos Reid and HomEquity Bank concluded that 61% of Canadians intend to stay in their current home as long as possible following retirement. The figure was higher (78%) for respondents that were already retired.
The survey also found that the average Canadian is eager to retire by the age of 61, but nearly half (48%) do not feel like they are financially prepared for retirement. Of the 61% of overall respondents (retired and still working) who indicated they would like to keep their current homes throughout their retirement, 36% indicated they would consider leveraging their home equity to make it possible.
Helping you enjoy retirement on your terms!
CHIP Home Income Plan allows you to unlock up to 50% of the equity built up in their home with no payments until you choose to move or sell. With CHIP, you can access a tax-free source of income so you are able to remain in your home and enjoy life on your terms.
Remember … no income, credit or health qualifications. CHIP funds may be used for home renovations, in-home medical care, home maintenance, &/or debt consolidation. Funds can be received in lump sums, monthly planned advances, or any combination.
This is an opportunity you can’t afford to ignore. Seniors are the fastest-growing segment of the population. Like no other generation, seniors are now living longer, spending more, and saving less. You can meet your needs for cash flow with a long-term borrowing solution that will meets your needs. One phone call is all it takes.
Call Mark at 403-681-4376