HomeEquity Bank CHIP Reverse Mortgage
CHIP Reverse Mortgages are annuity-based solutions that address the financial needs of Canadians who want to access the equity of their top asset – their home. The CHIP reverse mortgage is an excellent choice for customers 55 and older. It will allow you to turn up to 55% of the value of your home into tax-free cash. HomeEquity Bank provides the CHIP reverse mortgage. Users that enjoy the comfort of their home and don’t want to sell their house or move can utilize the CHIP Reverse Mortgage to receive money from their home investment.
The HomeEquity reverse mortgage options are safe and secure and give you the freedom to take control of your finances. With a CHIP reverse mortgage, you won’t have to worry about making payments. Just continue to enjoy living in your home and your retirement. Repayment is only required when you decide to move or sell your home.
The CHIP Reverse Mortgage lets you live the life you want to.
Benefits of a CHIP Reverse Mortgage
Annuity-based solution for Canadians who want to access the equity in their home
Designed with homeowners in mind
You maintain full ownership of your home
CHIP Reverse Mortgage will never be a burden to your heirs
Loan secured by your home without any payment interests or principal for as long as you or your spouse live there
Recognized by all of our country’s major banks (and many small ones), as well as credit unions and financial planners.
Our Mortgage Brokerage Team
The Mortgage Group Calgary Guarantees Excellence
Hear what our customers have to say about our services
A True Professional
“We had the pleasure of having Shelly walk us through the process of getting a mortgage for our rural property. It seems that rural mortgages are slightly different than urban and Shelly was fantastic in helping us navigate through the details. She was always prompt to respond to our needs and very flexible to work with. She was a true professional and we enjoyed working with her immensely.”
Ronya Bollhorn Homeowner
Always A Great Experience
“This is my third time dealing with Tracey Morrison of the mortgage group and each time I’ve been very happy with the work she has done on my behalf. She takes the stress out of the whole process, answers easy and difficult questions with the same thoroughness and patience and make sure any issues are addressed promptly. I would certainly have her take care of my mortgage needs in the future.
Lori Fyfle Homeowner
Knowledgeable & Understanding
“Applying for a mortgage, especially for the first time, was a very good experience with Tracey. She took the time to help understand the process whenever we had a question, and was understanding and as accommodating as possible when we had concerns. I definitely will recommend her to others looking for a mortgage, and when the time comes for us to revisit ours.