CHIP

Seniors often face the challenge of managing with less cash flow than they anticipated or coping with unforeseen expenses. We understand. HomeEquity Bank is the only bank dedicated to empowering older Canadian homeowners with smart, simple ways to use the value of their homes during retirement. For over 25 years The Canadian Home Income Plan (CHIP) our reverse mortgage solution has helped thousands of older homeowners enjoy more financial flexibility without having to sell or move. CHIP might be the solution for you. 

Ranson, Steve

President and CEO of HomeEquity Bank

Features of a CHIP Reverse Mortgage

• • Homeowners age 55 and older
  • No payments are ever required
  • No Income qualifications
  • No Credit requirements
  • Qualify for up to 50% of the value of the home
  • Money can be received as a lump sum, over time or in combination
  • Owner maintains title
  • They can sell or move at anytime
  • Receive the money tax-free

Testimonials

“CHIP is a way to take advantage of the equity that you have in your home and use it for whatever purpose you want.”
_{Sandy & Christopher M}

“If you sell your home you’re gonna be living off the proceeds and what you’re doing now is not selling your home and living off the proceeds.”
_{Edward F}

“If it wasn’t for CHIP we would have had to sell our home.”
_{James B}

“Dealing with the CHIP Home Income Plan was amazingly simple. I would recommend the CHIP program to anybody.”
_{Jan & John M}

Contact me today to discuss the CHIP Reverse Mortgage solution and to learn more about how you can unlock the value of your home.