The CHIP Reverse Mortgage for Canadians 55 and over
- Access up to 55% of your home value in tax-free cash!
- Keep the home you love
- No monthly mortgage payments
We've Helped Thousands of Canadian Homeowners Live Retirement Their WayLEARN MORE ABOUT REVERSE MORTGAGES
The CHIP Reverse Mortgage allows Canadian homeowners age 55+ to access up to 55% of their home’s value and turn it into tax-free cash without having to move or sell. And the best part is, there are no monthly mortgage payments required!
Our convenient, secure (and now contactless!) process means you can complete the entire application from the comfort of your own home - from application through to electronic signature!
The value of your home has grown over the years and makes up a good portion of your net worth. The CHIP Reverse Mortgage allows you to turn some of your home equity into tax-free cash. You can access up to 55% of its value. The amount that you can access is based on several factors such as; your age, property location, home type and appraised home value.
Benefits of CHIP Reverse Mortgage
Many retirees take out a reverse mortgage to boost their retirement income, pay for home renovations, pay for health care expenses or to help them pay off debt while staying in their current home. Regardless of circumstance, we believe that you should live retirement on your terms, in the home you love!