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 Canada Reverse Mortgage Blog
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
Reverse Mortgage Myths Revealed
What benefits do I get from a Reverse Mortgage? It may not be a good financial decision to have all of your home’s equity locked up, especially if you are using your income to pay a debt or do not have … Read More
CHIP Home Income Plan – Reverse Mortgage Secured by Equity in Home
What is CHIP Canada Home Income Plan? What if you had the financial freedom to pay off debts, help your children buy a home, travel the world, and do more of the things you wanted to do? CHIP Canada Home … Read More
Supplement your Income with a CHIP Reverse Mortgage
Are you among those Canadians who have not save the necessary cash for their retirement? You’re not alone! If you own your home, learn about the Canadian Home Income Plan, know as CHIP Reverse Mortgage to supplement your income during … Read More