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CHIP
Home Income Plan
extended
to homeowners 55+
CHIP Home Income Plan provided by HomEquity Bank will now
be available to homeowners as young as 55.
The lowering of the eligibility age from 60 to 55 comes in
response from:
- A significant demand by senior
couples where one of the spouses is over 60 while the other is a few
years younger
- The need for senior couples to better
coordinate their retirement plans by making it possible to access equity
stored in their homes to enjoy retirement on their terms
The change from 60 to 55 as the minimum age of eligibility
for a CHIP Home Income Plan does not constitute a major shift in our
lending focus. The majority of our new clients will continue to be
homeowners in their late 60s and early 70s.
This is an opportunity you and your clients can’t afford
to ignore. Seniors are the fastest-growing segment of the population
and now you can help them at a younger age. Like no other
generation, they have been living longer, spending more, and saving less.
You can meet their needs for cash flow by providing them with
a long-term borrowing solution that will meet their needs.
Call me to discuss how CHIP can help you
today. Free, no-cost/no-obligation quotes available in as little
as 15 minutes!
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