Close
1 (877) 995-6269
Apply Now

CHIP Reverse Mortgage Reviews, Ratings And Fees July 2021

Be the first to review CHIP Reverse Mortgage
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/

Home \ Lenders \ CHIP Reverse Mortgage

Join millions of Canadians who have already trusted Loans Canada
Find A Lender
PROVIDER DETAILS

Who Is CHIP Reverse Mortgage

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

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Eligibility
Requirements & Documents

Reverse Mortgage

min 25,000
Interest Rate
3.89.% - 4.84%
Term (Months)
12 - 60
Funding Time
Funding Method
Repayment Options
  • Must be a Canadian homeowner
  • Must be 55+ years old
   
  • 2 personal forms of identification
  • Proof of address
  • Signed application
  • Other required legal documents
  • Property insurance
  • Proof of property taxes payments 
Reviews

Reviews & Ratings

The provider displayed on this page has not endorsed this listing.

Review this lender

Learning Center

Guides

Loans Mortage Credit Debt
Learning Center

Videos

View All
Learning Center

Original Research

Blog

Our Latest Posts

Average Home Prices In Toronto 2021

Average Home Prices In Toronto 2021

Posted on July 30, 2021

You'll be spending a big chunk of change on a home purchase these days, especially in the City of Toronto.

Read Post
Previous articles
Northwest Territories Minimum Wage 2021

Northwest Territories Minimum Wage 2021

Read Post
Social Assistance In Manitoba (EIA)

Social Assistance In Manitoba (EIA)

Read Post
Costco Membership Cost

Costco Membership Cost

Read Post
Read The Blog
Tools

Calculators

Loan Auto Loan Mortgage
Learn

Learning Resources

Personal Loan Guide Business Loan Guide Debt Relief Guide
Learning Hubs
I want to pay for...
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.

INFO PAGE Start Now