Legion members receive a cash rebate of $500!*

Happy elderly couple smiling and enjoying coffee in their home, highlighting financial freedom via CHIP Reverse Mortgage

CHIP Reverse Mortgage for Legion members

HomeEquity Bank, provider of the CHIP Reverse Mortgage, is proud to be endorsed by The Royal Canadian Legion as a trusted organization offering a safe and secure financial solution to help Canadians support their retirement.

For nearly 40 years, HomeEquity Bank has helped over 70,000 Canadians aged 55 and better achieve financial freedom and stay in the homes they love. As part of our ongoing commitment, Legion members receive a $500 cash rebate upon funding their CHIP Reverse Mortgage!*

*Click here for Terms and Conditions

We Share Values With Our Partners

Since 2019, HomeEquity Bank has partnered with The Royal Canadian Legion to empower Veterans and their families to live a secure retirement on their terms with a special rebate exclusive to Legion members.

Why should you consider the CHIP Reverse Mortgage?

Access up to 55%** of the value of your home in tax-free cash
Maintain ownership and control of your home
No regular mortgage payments required
No impact to OAS or CPP
Recommended by The Royal Canadian Legion

**Some conditions apply

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

1-877-875-2447

Client Testimonials

The mortgage has given me a peace of mind by eliminating all my debts and allowing me extra money for expenses related to home repairs and necessities of old age. I definitely recommend this financial product to anyone seeking to access equity in their home.

– Ana H.

HEB has been a fantastic way for me to relax a bit in my retirement, knowing that I have that financial buffer for any emergencies that may come up. I would highly recommend HEB for anyone in my position.

– Roger J.

Our experience with Home Equity Bank fills us with gratitude for the chance to continue living in the home we’ve cherished and loved for four decades. Equally important, it provides us with a sense of financial security for the years ahead.

– Nemencio N.

How you can use your CHIP Reverse Mortgage

Pay off debts

Cover an unexpected expense

Renovate your home

Pay for a special vacation

Help children or grandchildren

GET MY FREE GUIDE

Frequently Asked Questions

How do I qualify for this offer?

To be eligible, you must be a Legion member prior to submitting an application to HomeEquity Bank. Your application is deemed to be received by HomeEquity Bank on the date the appraisal is ordered.

When will I receive the rebate?

You will receive this rebate within 90 days following the funding of your reverse mortgage.

How can I learn more about the CHIP Reverse Mortgage?

The CHIP Reverse Mortgage allows Canadians homeowners 55+ to access up to 55% of their home equity in tax-free cash. For detailed information about reverse mortgages, get your FREE information guide here.

How is the CHIP Reverse Mortgage regulated?

CHIP Reverse Mortgage is offered by HomeEquity Bank, a Schedule 1 Canadian Bank and member of the Canadian Bankers Association. As such, HomeEquity Bank is regulated by the Federal Bank Act.

How can I receive proceeds from a Reverse Mortgage?

You can take the funds from your CHIP Reverse Mortgage upfront in a single lump-sum payment. Alternatively, you can take the funds as an initial lump sum payment with scheduled advances over time to supplement your income.

Want to learn more about Legion? Visit Legion.ca

For the full list of FAQs, visit our FAQ page here