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Mar

Consolidating Debt in Retirement with The CHIP Reverse Mortgage

Managing debt is challenging at any age, but it can be especially stressful in retirement when income is limited. Many Canadians turn to debt consolidation to simplify payments and lower interest rates. However, traditional options—such as personal loans, refinancing, or home equity lines of credit—often require a strong credit score and steady income, making them […]

Mar

The Importance of Mortgage Pre-Approval: Why It’s a Game Changer for Homebuyers

Buying a home is one of the most significant financial decisions you’ll ever make. Whether you’re purchasing your first home or upgrading to your dream property, there’s one key step in the process that you can’t afford to skip: getting pre-approved for a mortgage. At Charlene Elliott Mortgages, we understand how important this step is, and […]

Terms	Bank Rates	Payment/$100k Rates	Our Rates	Payment/$100k Rates	Savings
6 Months	6.59%	$675.29	6.25%	$654.74	$20.55
1 Year	7.39%	$724.66	7.04%	$702.89	$21.77
2 Years	6.94%	$696.72	6.69%	$681.38	$15.33
3 Years	6.74%	$684.44	6.29%	$657.14	$27.29
4 Years	6.59%	$675.29	6.09%	$645.17	$30.12
5 Years	6.64%	$678.33	5.59%	$615.64	$62.69
7 Years	6.90%	$694.25	6.24%	$654.14	$40.11
10 Years	7.05%	$703.51	6.29%	$657.14	$46.36

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Consolidating Debt in Retirement with The CHIP Reverse Mortgage

The Importance of Mortgage Pre-Approval: Why It’s a Game Changer for Homebuyers

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