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CHIP Reverse Mortgage: Resources to Help You Make the Right Decision

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Reverse Mortgage

An older couple happily sitting at a laptop looking at documents together

A recent report in the Financial Post suggested that applying for a HELOC may become much more difficult after the current crisis. Many people experiencing financial difficulty are currently getting by thanks to government crisis stimulus and mortgage/loan deferrals. If those stop before everyone is back at work, many people could start considering HELOC options to stay afloat.

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A man sitting a café working on his laptop and talking on his mobile phone

If you have seen the Hollywood movie “Confessions of a Shopaholic”, the process of debt consolidation will make a lot of sense to you. When you are in deep with credit card debt, paying the minimum monthly amount due only lets you scrape through from one installment to another.

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Senior couple finding out which is the better solution, HELOC or Reverse Mortgage?

Looking for a loan you can live with? If you want to access the equity in your home without having to sell your house, most people think of a home equity line of credit (HELOC) first.

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How it Works?

How Reverse Mortgages Work

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

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Reverse Mortgage Videos

Reverse Mortgage Videos

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

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