Cash out, without moving out Abbotsford BC

Often times, homeowners 60 and older who are looking to augment their monthly income are worried about their future financial, credit or medical situ ...

RBC - Abbotsford Branch
(604) 853-2212
33780 South Fraser Way
Abbotsford, BC
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(604) 755-1060
106-2618 Mcmillan Road
Abbotsford, BC
 
BMO Bank of Montreal
(604) 853-8151
32112 S Fraser Way
Abbotsford, BC
Type
Branch with ABM

RBC - Sevenoaks Shopping Centre Branch
(604) 853-8384
32900 South Fraser Way-Suite 142
Abbotsford, BC
Languages
Panjabi, English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

RBC - Main Br-Clearbrook
(604) 855-5349
31975 South Fraser Way
Abbotsford, BC
Languages
Hindi, Panjabi, English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

BMO Bank of Montreal
(604) 854-8762
101-32988 South Fraser Way
Abbotsford, BC
Type
Branch with ABM

Scotiabank
(604) 870-3200
#100-2777 Gladwin Road
Abbotsford, BC
 
Scotiabank
(604) 504-4150
31205 Maclure Road
Abbotsford, BC
 
Canadian Western Bank - Abbotsford
(604) 855-4941
2548 Clearbrook Road
Abbotsford, BC
Office Hours
Mon - Fri: 9:00 - 4:00

RBC - Mission Branch
(604) 820-4700
33114 1St Ave
Mission, BC
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

Cash out, without moving out

Provided By:

(NC)-Often times, homeowners 60 and older who are looking to augment their monthly income are worried about their future financial, credit or medical situation, and whether they'll be able to keep up with the regular interest payments required by traditional credit products.

Fortunately, there is a solution that meets the needs of many seniors in Canada. With a variable interest rate guaranteed not to exceed Prime Rate plus 1.5 per cent, Canadian Home Income Plan (CHIP) is providing Canadians 60 plus with a simple and sensible financial solution through their Best Rate Planned Advance offering.

CHIP's planned advance option affords seniors the flexibility to turn $1,000 of their home equity into tax-free cash on a monthly basis. Through this offering, seniors are able to maintain home ownership while the equity of their house works to manage day-to-day living expenses.

With the rate guaranteed not to exceed Prime Rate plus 1.5 per cent, seniors who access their home equity regularly by way of various lines of credit may find the CHIP solution to be an a appealing alternative.

Seniors who worry that changes to their future level of income, or credit qualifications, may affect their ability to access their home equity when they need it most, now have another viable option. The planned advance solution is also ideal for seniors who feel more comfortable accessing a smaller portion of their home equity on an ongoing basis.

By turning home equity into cash, CHIP's solution enables seniors to pay off outstanding debts, make new investments to generate additional monthly income, or help children and grandchildren reach their financial goals.

For more information on a how CHIP Home Income Plan may benefit you, visit www.chip.ca or call 1-866-522-2447.

Credit: www.newscanada.com