reverse mortgage rate cut January 2024In a whirlwind of economic changes, Canadians have weathered a storm of rate hikes aimed at curbing inflation over the past two years. These shifts have affected all Canadians. Luckily, the tides may be turning as rates have peaked.

To kick off the new year, HomeEquity Bank has exciting news to share! Starting January 10, 2024, the CHIP Reverse Mortgage 5-year special rate will be 6.99%*! This rate reduction is great news to those who may have hesitated due to previously higher rates.

Lowered Reverse Mortgage rates help with cash flow and provide tax-free funds to support your family’s financial needs. The best part: No monthly mortgage payments required!

Act fast and take advantage of the new lower rates today! Contact me to learn more about the new lower rates and how the CHIP Reverse Mortgage can help you live better.

*These rates are only available for new reverse mortgage applicants in certain locations. Subject to meeting HomeEquity Bank’s credit granting criteria. Offer may be changed, extended or withdrawn at any time without notice.

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