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Find out how the CHIP Reverse Mortgage is expanding in the wealth space and becoming part of a comprehensive retirement planning strategy for Canadian homeowners 55+.
Learn moreThe CHIP Reverse Mortgage from HomeEquity Bank offers a range of unique benefits for your financial planning clients.
The CHIP Reverse Mortgage allows your clients aged 55+ to access up to 55% of the value of their home - without the need to move or sell.
With a CHIP Reverse Mortgage, there are no regular mortgage payments until the homeowner decides to move or sell.
Customers can expect to have equity in their home when they decide to sell.
Proceeds from a reverse mortgage are 100% tax free.
Once approved, no requalification is required.
Proceeds from the CHIP Reverse Mortgage are 100% tax free. By accessing these funds, your clients are able to boost their cashflow without triggering additional taxes or OAS/CPP clawback. It also allows them to keep their investment portfolios intact.
Financial planning clients and business owners may have difficulty accessing traditional loans and lines of credit due to a lack of regular income. The CHIP Reverse Mortgage is a great alternative that's designed specifically for Canadians 55+. It has an approval process tailored to them and doesn't require requalification.
That’s why we follow the Canadian Bankers Association Seniors Code, which outlines the ways that banks should effectively deliver their products and services to Canada’s older demographic. This includes, in part, educating consumers so they can make smart and sound financial decisions.
Your clients can access as much of the approved sum as they want, and can access additional proceeds whenever the need arises.
Download our short case studies to discover how the CHIP Reverse Mortgage can help your financial planning clients achieve their financial goals.
Learn how to boost your clients' cashflow with a reverse mortgage.
Download case studyDiscover the tax-efficient way for your clients to give money to loved ones.
Download case studyFind out how the CHIP Reverse Mortgage is expanding in the wealth space and becoming part of a comprehensive retirement planning strategy for Canadian homeowners 55+.
Learn more