Retirement can bring the need for financial adjustments. Seniors often face the challenge of managing with less cash flow than they anticipated or coping with unforeseen expenses. A CHIP Reverse Mortgage might be the solution you are looking for.


We understand. HomEquity bank is the only bank dedicated to empowering older Canadian homeowners with smart, simple ways to use the value of their home during retirement.

Since 1986,  The Canadian Home Income Plan (CHIP) our CHIP Reverse Mortgage solution has helped thousands of older homeowners enjoy more financial flexibility without having to sell or move. The CHIP Reverse Mortgage might be the solution for you.

Features of a CHIP Reverse Mortgage

  • Homeowners age 55 and older
  • No monthly mortgage payments required
  • No Income qualification required to get approved
  • No Credit requirements
  • Qualify for up to 55% of the value of the home
  • Money can be received as a lump sum, or over time or combination
  • Owner maintains title
  • They can sell or move at anytime
  • Receive the money tax free



“CHIP is a way to take advantage of the equity that you have in your home and use it for whatever purpose you want.”
Sandy & Christopher M

“If you sell your home you’re gonna be living off the proceeds and what you’re doing now is not selling your home and living off the proceeds.
Edward F

If it wasn’t for CHIP we would have had to sell our home.”
James B

Dealing with CHIP Home Income Plan was amazingly simple. I would recommend the CHIP program to anybody.”
Jan & John M



Complete the form below and one of our team members will touch base to discuss with you how a CHIP Reverse Mortgage or CHIP Home Income Plan could work for you!   

CHIP Application Form

Form used for collecting data for clients interested in a CHIP Mortgage.
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We are very much looking forward to chatting with you further about your personal Goals/Plans and to see how a CHIP Reverse Mortgage solution can help you unlock the value in your home.