The CHIP Reverse Mortgage by HomeEquity Bank is a leading solution for Canadian homeowners aged 55 and over. It allows individuals to access up to 55% of their home equity without selling or moving. This financial option helps support a more flexible and secure retirement. There are no monthly mortgage payments required, offering added peace of mind. CHIP is designed to help retirees maintain independence and financial stability.
Key Details:
- Location: The company is headquartered in Toronto, Canada.
- Founders: CHIP Reverse Mortgage was founded by William Turner.
- Foundation Date: The company was established in the year 1986.