First Foundation is pleased to announce the launch of it's newest division, Horizon Equity.
Canada (Press Release) July 18, 2008 --
First Foundation Residential Mortgages, and owner Gordon McCallum, recently named by CMP magazine as one of the Top Brokers in Canada, is pleased to announce the launch of it's newest division, Horizon Equity. This new venture is designed to alleviate some of the high cost of living pressures for Canadians sixty and over.
“We're thrilled to be bringing more flexible mortgage options to Canadian Seniors with the introduction of Horizon Equity,” said Gordon McCallum, President of First Foundation. “The combination of First Foundation's mortgage experience, and the fantastic Canada Reverse Mortgage product from Canadian Home Income Plan, gives us a real competitive edge in this market.”
A Horizon Equity Reverse Mortgage, through the Canadian Home Income Plan (CHIP), offers Canadians over sixty the ability to access up to 40% of the equity in their home tax-free. The equity can be used to eliminate other debts, invest, enjoy a higher quality of life, or even enjoy the benefits of sharing an early inheritance with children and grandchildren. The choice of how to use the funds is completely up to the homeowner. Even more exciting is the fact that, under this plan, borrowers who access their equity never have to make a principal or interest payment until they choose to sell the home and the home remains theirs to do with as they wish.
“The monthly cash savings to a typical homeowner can be substantial under this program,” said McCallum. “We know that there are many Canadian Seniors who struggle with their monthly bills and having very little left at the end of the month to enjoy their retirement. The Horizon Equity CHIP Reverse Mortgage can really improve their monthly cash flow and help them to enjoy retirement without added financial pressure. Another exciting feature of this product is the fact that homeowners sixty and over qualify on their age and home ownership, and don't need to qualify based on their income or credit.”
Interested Canadian seniors can find out more about Horizon Equity and its reverse mortgage offering by visiting www.horizonequity.ca.
“We're thrilled to be bringing more flexible mortgage options to Canadian Seniors with the introduction of Horizon Equity,” said Gordon McCallum, President of First Foundation. “The combination of First Foundation's mortgage experience, and the fantastic Canada Reverse Mortgage product from Canadian Home Income Plan, gives us a real competitive edge in this market.”
A Horizon Equity Reverse Mortgage, through the Canadian Home Income Plan (CHIP), offers Canadians over sixty the ability to access up to 40% of the equity in their home tax-free. The equity can be used to eliminate other debts, invest, enjoy a higher quality of life, or even enjoy the benefits of sharing an early inheritance with children and grandchildren. The choice of how to use the funds is completely up to the homeowner. Even more exciting is the fact that, under this plan, borrowers who access their equity never have to make a principal or interest payment until they choose to sell the home and the home remains theirs to do with as they wish.
“The monthly cash savings to a typical homeowner can be substantial under this program,” said McCallum. “We know that there are many Canadian Seniors who struggle with their monthly bills and having very little left at the end of the month to enjoy their retirement. The Horizon Equity CHIP Reverse Mortgage can really improve their monthly cash flow and help them to enjoy retirement without added financial pressure. Another exciting feature of this product is the fact that homeowners sixty and over qualify on their age and home ownership, and don't need to qualify based on their income or credit.”
Interested Canadian seniors can find out more about Horizon Equity and its reverse mortgage offering by visiting www.horizonequity.ca.
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