CHIP Reverse Mortgage

Home Equity Bank | HGI & Company | Whitby Ontario ON
Turn your home equity into flexibility in retirement
Is a reverse mortgage something to consider?
For many Canadians 55 and better, much of their wealth is tied up in their home. A reverse mortgage by HomeEquity Bank is a flexible financial solution designed to help you access your home equity, without having to sell your home or change long-term plans.
What is a reverse mortgage?
A reverse mortgage by HomeEquity Bank, such as the CHIP Reverse Mortgage, is designed exclusively for Canadian homeowners aged 55 and better, giving you access to the savings and capital in your home.

You continue to live in your home and retain full ownership. It’s your money and your house, with no required monthly mortgage payments.

How it works

  • Access up to 55% of your home equity as tax-free cash
  • Receive funds as a lump sum or over time
  • No required monthly mortgage payments
  • The loan is repaid when the home is sold
What people commonly use it for
  • Supplementing retirement income
  • Travel or lifestyle goals
  • Supporting family financially
  • Funding home improvements
  • Paying off existing debt
  • Covering healthcare or unexpected expenses

Retirement is yours to define

Whether it’s pursuing new interests, supporting loved ones, or simply having more flexibility day-to-day, a reverse mortgage can help you access your home equity to support what matters most.
HomeEquity Bank has helped over 50,000 Canadians do just that, with more than $8 billion in funding provided to date.
Let’s have a conversation
If you’d like to understand whether this could make sense for you, I’d be happy to walk you through how it works and answer any questions.
For information, call toll free: 1-800-376-3187. Or email our office: info@hgiandcompany.com.

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