• Robert Floris CFP, AMP
    Lead Mortgage Agent
    M08004919
    905-966-1453

  • Learn The TRUTH About CHIP Reverse Mortgages In Canada

    From A Former Bank Sales Manager And Licensed Mortgage Agent

  • Thinking About Getting A CHIP Reverse Mortgage?

    This FREE guidebook is a MUST READ for anyone thinking about a reverse mortgage.

    Download It Today!

  • Are You Curious How Much You Could Qualify For?

    Fill out this very short online questionnaire to find out immediately with no obligation.

    Find Out Now!

  • We Urge You To Please Check Your Alternatives BEFORE Calling CHIP

    Please Protect Yourself And Your Family With This Quick Read First

    Download Guide

  • Don't Know Who To Trust Or Listen To?

    We have thousands of loyal clients. Please see what some of them are saying.

    Read Our Reviews

  • What Is Living With Dignity?

    Options: to stay in your home.
    Independence: to use your assets.
    Freedom: for travel/purchases.
    Security: no worries about money.
    Giving: to your family/community.

    Find Out How

  • Have you been thinking about a reverse mortgage?

     

    Worried that it might be a scam?

     

    Worried about losing your home?

     

    Worried about spending your children's inheritance?

     

  • Well, YOU ARE NOT ALONE

  •  

    This free guidebook will dispel the myths surrounding CHIP reverse mortgages.

     

    It will explore alternatives, advantages and disadvantages.

     

    This FREE guidebook is a MUST READ for anyone thinking about getting a reverse mortgage.

     

  • You Will Not Find This Information Anywhere Else

    Learn the truth about reverse mortgages.

    Download It Here

  • Reverse Mortgage Top 4 Reasons

    It was the spring of 2019 that we received a phone call at our mortgage architects office inquiring about a reverse mortgage. My first impressions of the client was that she was very bright and well informed. She agreed to do an application. We [...]

    Read more

    How To Retire At Home

    How To Retire At Home Most of the retirees that we meet with ask us How To Retire At Home. Well, if their pension and/or their savings were sufficient, they probably wouldn't be asking us. Usually the issue is cash flow. Most of our retired clients [...]

    Read more

    How Much Can I Get From A CHIP Reverse Mortgage?

    How Much Can I Get From A CHIP Reverse Mortgage? This is another question we receive daily in our office. And the answer to How Much Can I Get From A CHIP Reverse Mortgage depends on 2 main factors: 1. How old are you? When calculating How Much [...]

    Read more

    How Does A Reverse Mortgage Work?

    How Does A Reverse Mortgage Work? A reverse mortgage is like any other mortgage in the sense that is secured against your home. That means that the bank lends you money and uses your home as security or collateral, if you will. The mortgage that we [...]

    Read more

    Reverse Mortgages SCAMS? No, they are not BUT...

    Are Reverse Mortgages SCAMS? There is a lot of misinformation out there about Reverse Mortgages SCAMS. The reality is that if you think that reverse mortgages are scams, then it would follow that any mortgage is a scam. Why? How Conventional [...]

    Read more

    Hamilton Retirement Homes: There Are Cheaper Alternatives

    Hamilton Retirement Homes: There Are Cheaper Alternatives Are you the son or daughter of an elderly parent who is considering Hamilton Retirement Homes? Parents are resistant to such a move and would like to stay in their existing home? Are you a [...]

    Read more

    1 of page 2

  • Reverse Mortgage In Hamilton

    Getting a Reverse Mortgage In Hamilton can be a daunting task. The reason is that the internet and commercials are inundated with advertising for Reverse Mortgage in Hamilton and elsewhere. It is very difficult to know who to trust.

    Trust When Arranging a Reverse Mortgage In Hamilton

    It is difficult to build trust on the internet. That is why we like to meet with people and speak on the phone. We even have a box full of thank you cards in the office. The next best thing for us are our Google reviews. These speak volumes for us when building trust with our new clients online.

    CHIP Reverse Mortgage

    CHIP is actually not the only reverse mortgage lender in Canada. There is one other but CHIP is the most prominent name. When considering a Reverse Mortgage In Hamilton, the key is to speak with an unbiased, honest consultant. Calling CHIP directly would be like going to a Chrysler dealership to ask their opinion on which car manufacturer is the best. They will sell you on their product only. This is why it is useful to speak with a mortgage broker who will give you unbiased advice when considering a mortgage or a reverse mortgage. A mortgage broker is not loyal to one particular product or brand.

    Purpose Of A Reverse Mortgage

    A Reverse Mortgage In Hamilton should not be considered as a first option. A reverse mortgage is a very niche product that should only be considered under very specific circumstances.

    1. Insufficient cash flow in retirement years
    2. Mortgage-free or lots of equity in the home
    3. Over 55 years of age

    The purpose of a reverse mortgage is to release equity from the home. There are other ways of doing that but they all require the borrower to make regular payments:

    • Conventional mortgage
    • Home equity line of credit

    The main advantages of a Reverse Mortgage In Hamilton is that it allows the retiree with limited income to access the equity in their home and remain living in it.

    Robert Floris is a Mortgage Broker. His office is located at 651 Fennell Avenue East in Hamilton, Ontario. If you would like to speak with Robert, he can be reached at 905-574-9200 #215.

    Please click here to email us,  make an appointment, receive an online assessment.

    If you would like to see our Google reviews or leave one yourself, you can do so here.

    Thanks for reading!