(250) 594-4341 [email protected]

No Income Verification or Credit Approval

TAKE UP TO 50% EQUITY IN YOUR HOME.
The way you receive the money is entirely up to you. You can take it in a lump sum or receive it on a monthly basis like an income stream.

For More Information:

Call: (250) 594-4341
Toll Free: 1 (877) 215-1550
Email: [email protected]

With a Reverse Mortgage you can:

  • PAY OFF DEBTS
  • RENOVATE OR MAKE HOME IMPROVEMENTS
  • HANDLE UNEXPECTED EXPENSES
  • HELP CHILDREN OR GRANDCHILDREN
  • IMPROVE CASH FLOW
  • ACTIVATE THE EQUITY IN YOUR HOME AND INVEST YOUR MONEY
  • TRAVEL OR MAKE A PURCHASE

Over 99% of the time, the amount left over is more than 50% of the value of the home. And the equity after repaying the loan is completely yours

DESIGNED FOR 55 YEARS AND OLDER

CHIP Mortgage does not require any INCOME PROOF OR CREDIT APPROVAL

TAKE UP TO 50% EQUITY IN YOUR HOME

The way you receive the money is entirely up to you. You can take it in a lump sum or receive it on a monthly basis like an income stream.

NO PAYMENTS ARE EVER REQURIED

The CHIP Mortgage only becomes due when BOTH owners sell or move out. CHIP Mortgage guarantees the amount to be repaid will never exceed the market value of your home so your estate is safe as well.

TAX FREE

The money that you receive is totally tax free so it does not affect Old Age Security or your Pension.

CHIP Reverse Mortgage,

was created by HomEquity Bank, a Schedule 1 Canadian Bank. It was founded in 1986, over 30 years ago, as an annuity based solution addressing the financial needs of Canadians who want the freedom to enjoy retirement without having to move or sell their home.