The CHIP Reverse Mortgage: A retirement solution made for today

Everyone can use a little extra cash in retirement. Maybe you want to help a child with a down payment on their rst home. Perhaps you want to pursue your passion for travel. Or maybe in ation is taking a bite out of your savings and you don't have a company pension to fall back on. With higher costs for everything from groceries to energy bills, three-quarters of Canadians say they can't keep pace with the cost of living.

That's why the CHIP Reverse Mortgage by HomeEquity Bank is a solution that's growing in popularity. If you're a Canadian homeowner aged 55 and older, the CHIP Reverse Mortgage allows you to access up to 55% of your home's value and turn it into tax-free cash. You don't have to make any regular mortgage payments or pay back the loan until you move or sell. Best of all, you get to stay in the home you love – a dream shared by more than 90% of Canadians. As the money you receive from a reverse mortgage is a loan, it's not added to your taxable income and does not affect government bene ts like Old Age Security (OAS). The funds you receive can be used to meet any of your nancial needs, including:

• Home renovations or retro tting

• Paying down or consolidating debt

• Travel and leisure

• Medical expenses

• Helping a child with a down payment on a home

Since the CHIP Reverse Mortgage is designed for Canadians 55+, it's easier to qualify for than other lending options. Your home must be used as your primary residence and the amount you qualify for will depend on factors such as your age and the appraised value of your home.

To learn more about the CHIP Reverse Mortgage from HomeEquity Bank, contact one of the experienced agents at Select Mortgage.

Victoria Community Health Cooperative

Victoria Community Health Cooperative

(VCHC) is a memberowned community services non-pro t. We operate a Community Health Centre (CHC) and deliver health wellness programs to the community. Located in Cook Street Village, our health centre offers nursing services by appointment. The co-op started in 2008 and currently has close to 400 member owners.

We provide access to telehealth solutions by referral to a physician or to a variety of services and practitioners throughout our community. At a time when many people are without a primary care physician, we support people to determine and nd out how to meet their health care needs. Our focus is on empowering people to self-advocate and to provide a peer learning environment. VCHC is part of an overall community-based solution to primary health care.

VCHC currently collaborates with other services in Cook St.

Village, particularly the Cook Street Village Activity Centre, our Wellness session delivery partner. As a Community Health Co-op, we have offered u and COVID vaccination clinics in cooperation with our pharmacy partner, Cook Street Rexall. In addition, we have a longstanding mutual relationship with our charity af liate, Creating Community Wellness Society. They have supported those who wish to donate to our Nursing Services program, and can do so in exchange for a charitable receipt wellnesscharity.ca/ donate/

As a member-based cooperative, we seek input from members, patients and users of our services throughout the area. We are in the process of developing a Community Engagement Plan to ensure the programs and content we offer are directly relevant to those we serve. Look to our website this fall for more information.

Please call 778-440-0221 or visit our website at: victoriahealthcooperative.com