Chip Mortgages

Uses, Benefits, and Who Qualifies

With a Chip Reverse Mortgage, you’ll be able to live in your home you love and have worked hard for enjoying a comfortable lifestyle. I it understood that Canadians above the age of 55 tend to have unique requirements that grow in complexity over time in comparison to regular tradition means.


  • Relieve Financial Pressures
  • Increase cashflow
  • Buy a vacation Property
  • Home Renovation
  • Assist Family with
  • Health Expenses
  • Clear Debt


  • Own your own home
  • No regular monthly payments
  • Funds are tax free
  • Does not affect OAS or CPP
  • Get up to 55% of the value of your home (Lump sum or Monthly Installments)

Who Qualifies

  1. Canadian Homeowners
  2. Age 55 and over
  3. Home must be your primary residence