CHIP Reverse Mortgage Plan for Canadian Seniors

What is a
CHIP Reverse Mortgage?

It's a financial solution designed for senior Canadian homeowners. Features include:

• You can access up to 50% of the value of your home
• You always maintain ownership of your home and never have to move or sell
• There are no payments required
• You can receive your tax-free cash in monthly installments or one lump sum

The TRUTH
About Reverse Mortgages

Reverse Mortgages have been available in Canada for over 25 years, but there are still many myths and misconceptions about them.

What Other
Canadian Residents Say

Major life changes can happen at any time. For Mary, 67, her divorce after 40 years of marriage presented some challenges. A priority for Mary was that her home was comfortable and well-maintained.

Mary used the equity in her home to finance maintenance and improvements to her home. She accessed about 40% of the equity in her home with the CHIP Reverse Mortgage. Taken as a lump sum, the money financed the construction of a new deck and garage.