For a Stress-Free Reverse Mortgage

You've come to the right place.
START HERE

Mortgages can be overwhelming. 
It doesn't have to be. 
Let us show you how. 

Getting a reverse mortgage can be overwhelming.
It doesn't have to be. Let us show you how. 

START HERE

WELCOME TO
Your Stress-Free Mortgage

Start here. Tell us a little about you.
Have a call
with our team.
Complete the application process.
Enjoy your Stress-Free Mortgage.

Get the right mortgage for you, without the hassle.

Want to see how much you could qualify for?

YES
Frequently Asked Questions
  • Who is it for?

    The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.

  • How much can I get and how is it calculated?

    You can receive up to 55% of the value of your home. The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for. 

  • How does a CHIP Reverse Mortgage work?

    A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.



    The big advantage with the CHIP Reverse Mortgage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.

  • How do I receive the money?

    You can choose how you want to receive the money. The CHIP Reverse Mortgage gives you the option of receiving all the money you’re eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. Planned advances are available on the Income Advantage product.

  • Will the bank own the home?

    No. The homeowner retains title and maintains ownership of the home. It’s required for the homeowner to live in the home, pay taxes on time, have property insurance, and maintain the property in good condition.

  • Should a reverse mortgage only be considered as a loan of last resort?

    No. Many financial professionals recommend a reverse mortgage to supplement monthly income instead of selling and downsizing, or taking out a conventional mortgage or a line of credit.

  • Will the homeowner owe more than the house is worth?

    The homeowner keeps all the equity remaining in the home. In our many years of experience, over 99% of homeowners have money left over when their loan is repaid. The equity remaining depends on the amount borrowed, the value of the home, and the amount of time that’s passed since the reverse mortgage was taken out.

  • What if the homeowner has an existing mortgage?

    Many of our clients use a reverse mortgage to pay off their existing mortgage and debts. 

  • What fees are associated with a reverse mortgage?

    There are one time fees to arrange a reverse mortgage such as an appraisal fee, fee for independent legal advice as well as our fee for administration, title insurance, and registration. With the exception of the appraisal fee, these fees are paid for with the funding dollars.

Clients just like you who received their 
Stress-Free Mortgage.
Had a great experience with the Silverman group. Dealt with Zach and Sara, very smooth transition over my next mortgage. All 5 star reviews for a reason. Thank you for your professional service !

Szilard Kecskes

Was looking for my second mortgage and decided to check this company out. They were seamless and worked round the clock to ensure we got approved. We ended up expanding our budget and buying a bigger house thanks to this team. Awesome work.

Colten Platzner

Our experience with Silverman has been great, we would definitely recommend. They provided clear and frequent communication and answer questions/queries quickly. Kayd and Sara were very helpful and we were guided throughout the whole process. Overall very smooth and not at all stressful.

Sam Pimentel

Kayd and Sara were top notch in their service! Very professional and respectful. They always responded quickly to any of my questions or concerns with knowledgeable answers. I highly recommend using their services. Thank you for making my experience simple and easy.

Liam Mcallister

Zach and his colleagues were wonderful to work with. They worked their magic and made the whole process easy from the beginning. I will definitely be calling them again in the future!

Carol Hofer

We Believe

The key to providing a stress-free mortgage experience relies on our ability to communicate effectively. No one wants to be left wondering about the next step.

This is why we take a team approach.

We’re a small group of mortgage professionals who spend just as much time making sure our clients have a great experience as we do closing mortgages.


START HERE