What is a CHIP Reverse Mortgage?

It’s a financial solution, in the form of a home equity loan, designed to help Canadian homeowners 55 plus retire safely and securely. Home equity loans are becoming a more common retirement tool. It’s something every Canadian homeowner should know about.

Features include:

  • Homeowners age 55 or older

  • Access up to 55% of the home value

  • Tax-free cash

  • No monthly mortgage payments

  • Must be your primary residence

  • Minimum $150,000 home value

With the CHIP Reverse Mortgage, You Can

Pay Off
Existing Debt

Use the tax-free cash to pay off some or all of your existing debt, freeing up your monthly disposable income and really enjoy your retirement.

 

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Travel & Enjoy
Retirement

Use your retirement to do the travel you’ve been waiting for and dreaming about. Or spend it on anything else your want to! It’s yours to do with what you like.

 

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Renovate
Your Home

Upgrade your kitchen, bathroom or complete any other home improvement projects on your list so you enjoy your retirement at home.

 

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How Does A Reverse Mortgage Work?

I can help you unlock up to 55% of your homes equity in tax-free cash. The process is simple…

  • GET YOUR FREE ESTIMATE

    Find out how much money you can get with a free no-obligation estimate.

  • REVIEW YOUR APPLICATION

    I will contact you to verify your information and gather any additional information that may be required.

  • RECEIVE THE APPROVED FUNDS

    Receive the money you need in one lump-sum or instalments.

  • NO PAYBACK IF YOU ARE IN YOUR HOME

    There are no monthly payments. Payment does not become due as long as you are living in your home.

No Obligations. No Contracts.

Learn how to make your home’s equity
work for you

Contact Us Today