Rethink retirement with the CHIP Reverse Mortgage

A reverse mortgage loan secured against the value of the client’s home. CHIP Max can help attract younger clients who are interested in accessing a larger amount of their home equity. Clients are not required to make regular mortgage payments as long as they remain in their home.

Designed for clients who require a short-term financing solution, without prepayment penalties for paying off the reverse mortgage loan in full. CHIP Open offers your clients the ability to convert to a CHIP Reverse Mortgage if they require a longer-term lending solution. Can be used as a bridge financing solution.

A reverse mortgage loan secured against the value of the client’s home. With Income Advantage, clients can choose to receive monthly or quarterly payments, allowing for greater flexibility and cashflow planning. Unlike with a loan or conventional mortgage, monthly mortgage payments are not required.