April 26, 2018

Unlock the value of your biggest asset – Your HOME – with a CHIP Reverse Mortgage

With CHIP Home Income Plan, you can, as senior homeowners unlock up to 40% of the… [more]

Unlock the value of your biggest asset – Your HOME – with a CHIP Reverse Mortgage Unlock the value of your biggest asset - Your HOME - with a CHIP Reverse Mortgage

Supplement your income with a CHIP Reverse Mortgage

Are you among those unfortunate Canadians who could not save the necessary cash for… [more]

Supplement your income with a CHIP Reverse Mortgage Supplement your income with a CHIP Reverse Mortgage

Start Enjoying Your Retirement! Canada Reverse Mortgages

A reverse mortgage is a widely emerging option for people who are more than 60 years… [more]

Start Enjoying Your Retirement! Canada Reverse Mortgages Start Enjoying Your Retirement! Canada Reverse Mortgages

CHIP Reverse Mortgages in Canada

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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. The CHIP reverse mortgage is the only financial product in Canada that gives you access to your home’s equity while you still own your home and continue to live there worry free for the rest of your life. The CHIP mortgage does not require income or … [Read More...]

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What is a CHIP Canada Home Income Plan Reverse Mortgage?

What is CHIP Canada Home Income Plan? What if you had the money to pay off debts, help your children buy a home, to travel, or just do more of the things you wanted to do?  CHIP Canada Home Income Plan / Reverse Mortgage Canada could be the solution for you.  It’s the simplest and sensible way to unlock and use your home’s equity and turn it into a steady flow of income or a lump sum cash payment to help you enjoy life on your terms. CHIP Home Income Plan is a reverse mortgage … [Read More...]

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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. Your CHIP Annual Statement clearly indicates the amount of interest you have been charged and that may be eligible as a tax deduction. This deduction may also ensure that the extra income you earn does not affect Old Age Security and Guaranteed Income Supplement government benefits. Be sure to consult a tax advisor to determine how this approach affects … [Read More...]

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Reverse Mortgage Myths Revealed

What benefits do I get from a Reverse Mortgage? It may not be a good financial condition to have all of your home’s equity locked up,  especially if you are using your income to pay debt or do not have enough income or savings for your retirement. It is important that after retirement you should be able to meet your daily expenses, get yourself or your spouse plan for a vacation, buy a car, renovate your home, or make some investment. A reverse mortgage provides you the absolute financial … [Read More...]