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Ways Reverse Mortgages Can Help

General Angela Calla 8 Aug

As of late, the impact of rising interest rates and inflation are causing many to struggle with their debt payments and expenses.

Here are just a few ways that CHIP reverse mortgage can help:

Prepayment for adult children – clients facing higher payments and looking for ways to reduce. Bank of mom/dad may be able to provide gift to paydown mortgage to bring payments down for kids or bring down TDS to allow them to move from a B to A lender.  No parent wants to see their kids struggle.

Renewal clients – those that are 55+ and at or nearing renewal and facing a much larger payment. In some cases, it may not be manageable from a cash flow perspective.  Consider a CHIP solution to eliminate the payment altogether

Clients in VIRM/HELOC – those 55+ and worried about an increase in VIRM payments or struggling with the increase in payment on the HELOC.  (Payment on a $300k Heloc balance has risen $500 since March!)   

Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at or at 604-802-3983.

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