If you’re 55+ and own your home, the CHIP Reverse Mortgage by HomeEquity Bank offers a way to access up to 55%* of your home’s value—without selling, moving, or making monthly payments. It’s a flexible, tax-free option that can support your retirement goals.

Here’s how it can help:

Preserve Your Savings
Instead of dipping into RRSPs or TFSAs—which could trigger taxes—you can use tax-free cash from your home to let your investments keep growing.

Handle Debt or Emergencies
Pay off high-interest debt or manage surprise costs without disrupting your retirement budget.

Live Retirement Your Way
Whether it’s travel, home upgrades, or helping family, CHIP gives you freedom to enjoy retirement on your terms.

Why choose CHIP?
✅ No monthly mortgage payments
✅ You stay in your home—ownership remains yours
✅ Does not affect government benefits
✅ No Negative Equity Guarantee*

If you’re looking for financial flexibility in retirement, reach out to your Dominion Lending Centres mortgage expert to learn if CHIP is right for you.

*Some conditions apply. Survey by Ipsos for HomeEquity Bank, April 2022. Guarantee requires meeting home maintenance, insurance, and tax obligations.

– Michele McGarvey Team, Dominion Lending Centres