CHIP Reverse Mortgage

The CHIP Reverse Mortgage by HomeEquity Bank allows Canadian homeowners aged 55+ to access up to 55% of their home’s value in tax-free cash - without having to sell or move.

Unlike a traditional mortgage, no regular mortgage payments are required. The loan is repaid when you sell your home or move out. This can be a great option for supplementing retirement income, covering healthcare costs, or helping family members financially.

Contact me to learn more about whether a CHIP Reverse Mortgage might be right for your situation.