Unlike a regular loan or mortgage, with CHIP, you are not required to make payments. You’re free to enjoy your retirement. You only repay the loan when you move or sell your home. And you maintain complete control until you decide to do so.
All you’re responsible for are the property taxes and insurance and to keep your property well-maintained.
The money you receive with the CHIP Reverse Mortgage is tax-free. What you do with it is up to you.
Squarefoot Flooring has been a retail leader in the distribution of Flooring products for 10 Years. We currently provide services in Mississauga, Toronto, Brampton, Oakville, Markham, Richmond Hill. Stoney Creek, Niagara Falls. Hamilton, Ancaster, Burlington, Kitchener, Guelph, Sudbury, Pickering, Ajax, Whitby, Oshawa. We excel in providing a quality product in order to make your dream place a reality and have won the title for “Mississauga’s 2019 favorite business. With over 9000+ options for flooring we bring you the largest variety of vinyl sheet flooring canada styles, materials and colors to select only the best.