CHIP Reverse Mortgage

Reviews, Ratings And Fees

November 2024 · Written By Caitlin Wood

Home \ Loans \ Best Loans

Address

1881 Yonge Street, Suite 300
Toronto, Ontario
M4S 3C4

Business Hours

Monday to Friday 8:30 am - 5:30 pm
Saturday to Sunday Closed

Website

https://www.chip.ca/

Rated

| Based on 0 customer reviews

On this page...

View Provider Services View Provider Reviews Review Widget

Join millions of Canadians who have already trusted Loans Canada

CHIP Reverse Mortgage: Overview

CHIP Reverse Mortgage is provided by provided by HomeEquity Bank, a Federally regulated Canadian Bank. IT was originally known as the Chip Home Income Plan, but they re branded to its current name in 2014. As in its name, CHIP Reverse Mortgage provide a reverse mortgage program for individuals over 55 years of age.The reverse mortgage is a loan secured against the value of your home. Their program is available to all Canadian provinces expect the territories.

Services & Products

CHIP Reverse Mortgage Offered Services

Reverse Mortgage

Loan Range: min 25,000
Interest Rate: 3.89.% - 4.84%
Terms (Months): 12 - 60
Funding Time: n/a
Funding Method: n/a
Repayment Options: n/a
Eligibility: Must be a Canadian homeowner
Must be 55+ years old
Requirements & Documents: 2 personal forms of identification
Proof of address
Signed application
Other required legal documents
Property insurance
Proof of property taxes payments

Reviews

Reviews & Rating

No reviews exist for this provider yet. Click on the button below and be the first to leave a review!

Expand Your Search

Find Other Lenders In This Region

Filters

Loans Canada

Amount: Up to $50,000
Rate: Prime to 46.96%
Term: 3-60 months

iCash - Best Quick Option

Amount: Up to $1,500
Rate: 15% - 17%
Term

Fora - Best Overall

Amount: $1,000 - $15,000
Rate: 19.9% - 34.9%
Term: Varies

Spring Financial - Best User Experience

Amount: Up to $35,000
Rate: 9.99% - 46.96%
Term: 9 - 78 Months

Fairstone Financial - Best For Homeowners

Amount: Up to $60,000
Rate: 19.99% - 39.99%
Term: 6 - 120

Bree - Best Interest-Free Option

Amount: Up to $350
Rate: No Cost!
Term: -

Mogo Finance - Highest Approval Chance

Amount: Up to $5,000
Rate: 9.9% - 47.72%
Term: -

easyfinancial

Amount: $500 - $100,000
Rate: 9.99% - 46.96%
Term: Varies

LoanMeNow - Best For Low Credit

Amount: $500 - $1000+
Rate: 28% to 32%
Term: 3 Months

SkyCap Financial - Best Alternative Option

Amount: $500 - $10,000
Rate
Term

Nyble - Best Credit Building Help

Amount: $250
Rate: No Cost!
Term: -

goPeer

Amount: $1,000 - $25,000
Rate: 7.5% - 31.5%
Term: 36 - 60 months

Build Credit For Just $10/Month

With KOHO's prepaid card you can build a better credit score for just $10/month.

Koho Prepaid Credit Card

MORE INFO
APPLY NOW