The CHIP Reverse Mortgage for Canadians 55 and over

What is the
CHIP Reverse Mortgage?

It's a financial solution designed to help Canadian homeowners 55 plus retire safely and securely. Features include:

• You can access up to 55% of the value of your home
• You maintain ownership of your home without having to move or sell.
• No regular mortgage payments.
• Receive your tax-free cash on your own terms. Over time or all at once.

The TRUTH
About Reverse Mortgages

Although the CHIP Reverse Mortgage has been available to Canadians for over 30 years, there are still some misconceptions.

The difference between a Home Equity Line of Credit and a Reverse Mortgage.

Home equity loans are becoming a more common retirement tool. It’s something every Canadian homeowner should know about.