CHIP Reverse Mortgages - Unlock the Cash in Your Home While Staying in It
A CHIP Reverse Mortgage lets you access tax-free funds from your home while continuing to live in it. Use the money to supplement retirement income, pay off debt, renovate, or help family. There are no monthly payments and no income requirements.
Getting Started Is Simple
Step 1
Fill out the basic forms to get started
Step 2
Receive guidance and support from our dedicated team throughout the process
Step 3
Access tax-free funds while continuing to live in your home
Use Your Funds for What Matters Most
Ready to Get Started?
Discover how a CHIP Reverse Mortgage can help you access tax-free funds while staying in your home. Fill out the form to get started or contact us today to learn more. It is simple, fast, and designed to give you the financial flexibility you deserve.
For Canadians 55 or Older Who Want Financial Freedom Without Selling Their Home
Follow these three easy steps to access a CHIP Reverse Mortgage:
Who Can Qualify
To be eligible for a CHIP Reverse Mortgage, you must:
Be 55 or older.
Live in the home as your principal residence.
Own your home. You can still have an existing mortgage, but a portion must be paid off.
How a CHIP Reverse Mortgage Works
A CHIP Reverse Mortgage allows homeowners 55 or older to access the equity in their home without selling it or making monthly mortgage payments.
You continue to live in your home and retain full ownership.
You borrow a portion of your home’s equity, tax-free.
You do not need to make monthly payments, and there are no income requirements.
Your loan is repaid when you decide to move, sell your home, or pass away.
Are You Facing Any of These Challenges?
Many seniors face financial concerns that a CHIP Reverse Mortgage can help solve.
Worried your retirement savings are not enough
High-interest debt that never seems to go away
Desire to travel or enjoy retirement without financial stress
Planning home renovations or accessibility updates
Wanting to support children or grandchildren financially
How a CHIP Reverse Mortgage Can Help You
CHIP Reverse Mortgages offer multiple advantages that make retirement more comfortable and flexible.
Stay in your home while accessing up to 55% of its equity, tax-free
No monthly payments and no income requirements
Keep full ownership and benefit from future home appreciation
Fast funding in 4–5 weeks
Secure and confidential, provided by a Schedule 1 Canadian bank
Flexible use for retirement, investments, travel, renovations, or family support
Travel
Family Support
Home Renovations
Lifestyle
seniors enjoying vacation
helping children or grandchildren
modern kitchens or living spaces
hobbies, wellness, personal enjoyment
Safe, Secure, and Bank-Provided
CHIP Reverse Mortgage is provided by a Schedule 1 Canadian bank. All your confidential information is handled securely and in a proprietary manner by the bank.
A dedicated team will guide you through the process, advising on options and completing the application, including independent legal advice for closing.
Disclaimer: Information is general and subject to bank approval
REVERSE MORTGAGES FOR YOU
REVERSE MORTGAGES FOR YOU