CHIP Reverse Mortgage

Interested in a Reverse Mortgage? We help our clients use the equity in their home to live the life they deserve to live.

Reverse Mortgage

A Reverse Mortgage allows you to pull the equity from your home through regular or lump sum free.



We are proud to offer the CHIP Reverse Mortgage. Through our partnership with HomEquity Bank, we can structure a reverse mortgage where you can receive up to 50% of the value of your home.

As the name "Reverse Mortgage" suggests, it's basically the reverse structure of a regular mortgage. Instead of making mortgage payments to the bank, the bank sends payments to you!

Everyone’s financial needs are different, so whether you are looking for consistent cash flow or a lump sum, the CHIP Reverse Mortgage could be a viable option.

CHIP Reverse Mortgage highlights:


    The payments you receive do not count as additional, taxable income (and won’t affect your Guaranteed Income Supplement or Old Age Security).


    Upon the sale of your home, an average of 50% of the value is left over once the CHIP Reverse Mortgage is repaid. In most cases, 99% of homeowners receive a sizable amount from the sale of their home.


    As long as you and your spouse are both 55 years or older and still living in your home, you don’t have to pay anything until you sell the home or move out.

Perhaps you are at the point in your life where you love your home and want to stay there, but need to make some financial adjustments to make it sustainable. You could be wanting to do some renovations but don’t have the cash on hand. Your RRSPs aren't quite enough to give you the comfortable retirement you were planning. Or, maybe you want a larger amount to help your son or daughter with a down payment on their first home.

This unique type of Reverse Mortgage allows you to take advantage of a customized plan that suits your lifestyle and individual financial needs, and there are a few different ways to receive the amount of money you are eligible for.

Let's sit down and discuss how a reverse mortgage can work for you.
It’s time to start enjoying the cash you already have.

In the meantime, hear some personal stories about how the CHIP Reverse Mortgage has helped change lives: