CHIP Reverse Mortgage

Founded 30 years ago as an annuity based solution addressing the financial needs of Canadians who want to access the equity of their top asset - their home - the CHIP Reverse Mortgage is perfect for the 55 and older crowd.

When you're ready to take the next step towards home ownership, we're ready to make it happen for you. It's quick. It's easy. It's secure.

CALGARY'S TOP MORTGAGE BROKERS

A CHIP Reverse Mortgage is provided by HomEquity Bank. It is a solution designed specifically to meet the needs of Canadian senior home owners. HomEquity Bank has used the knowledge gained over 25 years of meeting the needs of Canadian seniors to create the most flexible reverse mortgage solution available anywhere.

CHIP Reverse Mortgages have helped thousands of people who were looking for a simple, sensible way to draw upon the equity built up in their homes. So, if you’re comfortable in your home, don’t want to sell or move, but would like to access some of the cash tied up in your house, we can help you too.

We can help you get the money to enjoy life on your terms.

Benefits of a CHIP Reverse Mortgage

Security. Ownership. Flexibility

The CHIP Reverse Mortgage was created by HomEquity Bank, a Schedule 1 Canadian Bank. It was founded 30 years ago as an annuity based solution addressing the financial needs of Canadians who want to access the equity of their top asset – their home.

A Secure Source of Income

Simply put, a CHIP Reverse Mortgage is a loan secured by your home with a big difference. With CHIP, you do not have to make any payments interest or principal for as long as you or your spouse live there. All you have to do is keep your property in good maintenance, pay your property taxes and property insurance.

Designed with Homeowners in Mind

At your stage of life, excessive risk is the last thing you need. That’s why we specifically designed the CHIP Reverse Mortgage to be financially sound. You maintain full ownership of your home. And we guarantee you’ll never owe more than the fair market value at the time it is sold, so you can rest assured your CHIP Reverse Mortgage will never be a burden to your heirs.

A Canadian Solution

The CHIP Reverse Mortgage was created for the express purpose of helping Canadian homeowners. It is recognized by all of our country’s major banks (and many small ones) as well as credit unions and financial planners.

let'sget you started

When you team up with me you're teaming up with one of the top mortgage brokerage firms in Calgary, The Mortgage Group. This means I know how to make home ownership a reality for you! Here are 3 key things you should know.

1. credit rating

Your credit rating is a key indicator of your ability to make your mortgage payments. I'll show you where your credit rating needs to be, and how to bump it up.

2. down payment

There's no such thing as having too much money for your down payment so turn yourself into a great little saver. I'll tell you what you need to put down.

3. apply online

The next step to home ownership is to complete my online mortgage application so we can help you get pre-approved for the best rates. Let's get started!

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