Written by

Written on February 20th, 2024

Qualifications for the CHIP Reverse Mortgage:

  • Canadian Homeowner: Own a home in Canada? You’re on the right track!
  • Age Requirement: You and your spouse must be at least 55 years old.
  • Primary Residence: Your home has to be your primary residence.
  • Home Maintenance: You must keep the property in good maintenance, pay your property taxes and property insurance, and your property is not in default.

If you meet these criteria, you can unlock tax-free cash to receive either a lump sum or scheduled monthly advances. The possibilities are endless with the CHIP Reverse Mortgage. From paying off debts and tackling unexpected expenses to renovating your dream home, funding that special vacation, or securing your family’s future.

Have questions or want to check your eligibility? Contact me today!