As a mortgage broker or real estate professional, you’re always looking for solutions to help your clients navigate complex financial situations, especially when traditional lenders fall short. At Tembo Financial, we specialize in private second mortgages paired with CHIP reverse mortgages from HomeEquity Bank, offering a powerful tool to serve your 55+ clients or those with unique financial needs. Our flexible, equity-focused approach allows you to deliver tailored solutions, close deals faster, and build trust with clients.

Tembo’s private second mortgages are designed to complement CHIP reverse mortgages, addressing gaps that traditional lenders can’t fill. This is particularly valuable for clients aged 55+ who have significant home equity but face challenges like fixed incomes, credit issues, or maturing mortgages. By working with us, you can offer solutions that keep clients in their homes, clear debts, or facilitate transitions like downsizing—without the rigid income or credit requirements of banks.

Our process is broker-friendly: fast, transparent, and flexible. We provide same-day commitments and can meet your clients tight deadlines. We streamline the process to help you close deals efficiently. Plus, our open terms allow clients to pay off loans early without penalties, giving you and your clients maximum flexibility.

How It Works: A Real-World Example

Consider a client in their late 60s with a $700,000 home and a $249,000 bank mortgage. They’re struggling with credit card debt and a car loan, and their pension can’t cover monthly payments. HomeEquity Bank approves a $238,500 CHIP reverse mortgage, but it doesn’t cover the existing mortgage and debts. This is where Tembo steps in. We can provide a second mortgage—say, $100,000—to bridge the gap. In one case, we advanced $62,000 to clear the shortfall and debts, reserving the rest as a buffer for future fees or interest. When the client sold their home a year later, both the CHIP mortgage and our loan were repaid seamlessly, leaving them stress-free.

For you, this means a satisfied client and a closed deal, with Tembo handling the heavy lifting.

Tailored Solutions for Diverse Client Needs

Tembo’s flexibility is a game-changer for brokers. Take a 68-year-old client with a $453,000 home, a $170,000 mortgage, and small business income. They needed to clear debts but could manage some payments. HomeEquity Bank approved a $196,500 CHIP reverse mortgage, and we provided a $35,000 second mortgage. The client chose principal and interest payments, reducing our loan to $19,567.98 over two years, and later refinanced, paying us off entirely. This kept their total borrowing below 55% LTV, maintaining their financial flexibility.

Another example: a couple, aged 65 and 66, with a $900,000 home and a $450,000 mortgage their bank wouldn’t renew due to a past consumer proposal. They wanted to downsize, so HomeEquity Bank approved a $370,500 CHIP reverse mortgage, and we provided a $165,000 second mortgage to cover the shortfall, clear debts, and fund a condo deposit. With a six-month open term and principal-plus-interest payments, they kept borrowing under 60% LTV, sold their home, and transitioned smoothly. These cases show how Tembo’s solutions can fit a range of client scenarios, from debt consolidation to strategic downsizing.

Why Brokers Choose Tembo

1. Speed and Simplicity: We provide deal feedback within 1 hour and can provide commitments usually within 4 hours. Our process is streamlined and quick, giving your client timely answers and peace of mind.
2. Flexible Terms: Clients can choose prepaid , partially prepaid, interest only or principal-plus-interest payments. We can provide open terms to allow early repayment without penalties. This adaptability suits clients planning to sell, refinance, or adjust their strategy. We all know that no 55+ homeowner is the same, so why get them a cookie cutter solution!
3. Broker Support: We provide clear communication, quick responses, and dedicated support to make your job easier. Our team works with you to structure deals that align with your clients’ goals.

Market Insights and Opportunities

The demand for private lending solutions is growing in Ontario’s real estate market. According to recent data from the Toronto Regional Real Estate Board (TRREB), home prices in the GTA remain high, with the average detached home valued at over $1.4 million in Q2 2025. Seniors, who own a significant portion of these properties, often face financial constraints due to fixed incomes or credit challenges. Tembo’s private mortgages, paired with CHIP reverse mortgages, tap into this equity, offering brokers a niche product to serve this underserved market. By partnering with Tembo, you can expand your client base and position yourself as a problem-solver for complex cases.

How to Partner with Tembo

Referring clients to Tembo is straightforward. Whether your client needs to bridge a mortgage shortfall, consolidate debt, or fund a transition, we tailor solutions to their equity and goals. Our short-term loans (up to a year with options for renewals) give clients breathing room to sell, refinance, or stabilize their finances. As a broker, you benefit from our efficient process, creative solutions, and the ability to deliver results that strengthen your client relationships. Also, we have a very lucrative volume bonus program which compensates brokers who work closely with Tembo Financial.

Ready to explore how Tembo Financial can support your business? Contact us today to discuss partnership opportunities, learn about our volume bonus program, or review a client case. We’re here to help you unlock your clients’ home equity, close more deals, and grow your reputation as a trusted advisor in Ontario’s dynamic real estate market.