A reverse mortgage is a widely emerging option for people who are 55 years and older and have own their home. Canada reverse mortgages simply consider the equity of the property owned by the borrower. This allows the borrower to get debt-free … Read More
CHIP Reverse Mortgages
Experts Serving Toronto & GTA, Ontario and all of Canada.
Supplement Your Income
A reverse Mortgage is a tax-free solution and a great way to supplement your income. You will always maintain ownership of your home and only have to pay back the funds when you decide to sell your home. Contact us to see if a Reverse Mortgage is a good solution for you.
Enjoy Retirement
Do you love to travel? Book your dream vacation, visit family and friends, take special interest courses, improve your health and reduce stress. You can use the funds however you want! Stop thinking and start living.
Pay off Debt or Invest
Control your monthly expenses by paying off debt or investing in income producing assets. A Reverse Mortgage can be taken out on a variety of home types, for example: condos, homes, and cottages. Access up to 55% of your homes value.
Help Family
You can help family and grandchildren with education expenses or home ownership. A Reverse Mortgage has no regular mortgage payments. Receive your tax-free cash on your own terms. Over time or all at once.
Latest Blog Posts
Unlock your home’s equity with CHIP
CHIP Home Income Plan, is Canada’s only provider of reverse mortgages in Canada for seniors. With over 26 years as Canada’s only reverse mortgage lender, CHIP has grown to be a trusted partner with Canadians and all major Canadian Banks. … Read More
CHIP Home Income Plan interest may be tax-deductible
Deducting the CHIP Home Income Plan interest can offset the income earned by non-registered investments, providing tax-efficient income. How? Your CHIP Annual Statement clearly indicates the amount of interest you have been charged and that may be eligible as a … Read More
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We've helped thousands of Canadians improve their lives! We are committed to helping you find the best solution for your needs. Embrace the power of knowledge. Contact us for more information. This may be the best decision you will make!