CHIP Mortgages

CHIP Mortgages Do you have an elderly parent or grand-parent who is living month to month on a small pension but owns their own home? Are looking for a way to help them financially? CHIP Home Income Plans is available to homeowners over the age of 55 years and allows applicants to take up to 50% of their home equity out without a medical. The client will never owe more than the value of their home and the funds can be taken in a lump sum or as a monthly draw. The funds can be taken with no interest paid until the client leaves their home or, interest payments can be made monthly or annually. Ask me how to apply for a CHIP Mortgage.