A reverse mortgage, like a traditional mortgage, is a loan that uses your home as collateral. Your home is the security for the loan. 


Reverse Mortgage


For those 55 and older, you are able to access up to 55% of the value of your home in cash. This cash is tax free.

You can use the money you obtain through a reverse mortgage for anything you desire such as travel, paying off debt, giving an early inheritance your family, renovations and more.

With a this mortgage there are no regular payments. You pay the mortgage off once your home sells or you move.

The company will ensure that the amount that needs to be repaid once your house sells or you move will never be more than the market value of your home. Also, if your home appreciates in value this increase is yours. You’re only requirement is to assure that the property taxes and insurance are paid and that the property is maintained.


Who is eligible for a CHIP reverse mortgage?


  • A homeowner in Canada
  • 55 years or older in age for all applicants


What does a reverse mortgage lender consider when you are applying?


  • Your age
  • The home’s location
  • The home type (ie condo, detached home)
  • The home’s appraised value
  • The amount of equity you have in your home currently
  • The home’s condition


You have the control:


You remain in control of your home and there will never be a time where you have to sell or move if your ability to earn money or your homes value changes.


Cash in your home:


If you are 55 or older, for your assets, this may primarily be the money you have saved and the equity available in your home. As your home appreciates in value over the years and your mortgage balance reduces which creates equity.  You can access this equity through this product.


Made in Canada:


The mortgage company is a federally regulated schedule one bank.  Canada’s leading provider of reverse mortgages and has been in operation for over 30 years.


Certified Reverse Mortgage Specialist:


As a Certified Reverse Mortgage Specialist, I look forward to assisting you with all of your reverse mortgage needs.

Why not make your mortgage experience a comfortable one?

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