A reverse mortgage from HomeEquity Bank is designed to give Canadians
55+ access to up to 55% of their home equity, tax-free.
CHIP Max provides loan amounts that are higher than the standard CHIP Reverse Mortgage.
If your client requires more money than the CHIP Reverse Mortgage
provides, CHIP Max can be a great option. This product comes with all the
same benefits as the CHIP Reverse Mortgage: Funds are tax-free, no
regular monthly payments are required until the home is vacated.
While CHIP Max comes with a higher interest rate than our standard CHIP
Reverse Mortgage product, the interest rate is still a competitive
option when compared with alternative lenders or second
To learn about the benefits of CHIP Max by HomeEquity Bank and whether
it’s the product for your client, contact me today! [email protected]