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CARP Members can receive a cash rebate of up to $250 on a home appraisal*


CHIP Reverse Mortgage for CARP Members:

CARP, a non-profit organization that advocates on behalf of Canadians as we age; is proud to partner with HomEquity Bank, the provider of the CHIP Reverse Mortgage in Canada. Under the new partnership, HomEquity Bank’s product line is now officially endorsed and recommended by CARP as a trusted financial solution during your retirement years. For over 30 years, HomEquity Bank has helped thousands of Canadian seniors unlock the value of their home in order to help them live a better retirement.

The Benefits of a CHIP Reverse Mortgage:

  • Get up to 55%** of the value of your home
  • Stay in your home
  • Maintain full ownership and control of your home
  • There are no regular mortgage payments required!
  • Access tax-free cash without having to move or sell

*Click here for Terms and Conditions**Some condition apply

To find out more about this special offer for CARP members, please call:

Client Testimonials

  • “We looked at our options and we decided this was the best thing for us, and it has been the best thing we’ve done. It truly is.”

    - Ed and Bea F.
  • “The CHIP Reverse Mortgage has actually given me my life on my terms.”

    - John A.
  • “I have secured my living, I don’t have to worry…It was the best financial decision.”

    - Richard M.
How Reverse Mortgages Work

How it Works?

If you're like many other 55+ Canadians, much of what you own fits into two categories - the equity in your home ...

Learn More

Reverse Mortgage Videos

Reverse Mortgage Videos

Watch these videos from HomEquity Bank and learn more about CHIP Reverse Mortgage

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