The benefits of the CHIP Reverse Mortgage

Author: Marisa Nguyen Mortgage Consultants Group |

The freedom to retire in the home you love

Why choose CHIP?
  • Get up to 55% of the value of your home
  • Stay in your home
  • Maintain full ownership and control
  • Free yourself from monthly mortgage payments until you choose to move or sell
  • Option to make advance interest payments
Your retirement, your way
  • Pay off debts
  • Renovate your home
  • Take care of unexpected expenses
  • Help the ones you love
  • Enjoy the retirement you deserve
  • Travel
  • Purchase a vacation property
How to apply

The process is simple

1. Contact your broker

Contact your mortgage broker for more information about CHIP Reverse Mortgage.

2. Get an appraisal

Once you decide to proceed, your mortgage broker will help arrange for an appraisal of your home.

3. Fill out an application

Once we receive the appraisal, you’ll know exactly how much you are approved for. Just complete a dimple form confirm the amount of money you want, and we’ll answer any questions you may have

4. Speak to a lawyer

Before everything is finalized, we require you to review the information with an independent lawyer of your choice.

$. Get your money

You will receive your tax-fee money as a lump sum or multiple instalments.