Access up to 55% of your home's value with no monthly payments required. For homeowners 55+. Licensed mortgage professional serving all of Ontario.
Get access to your home equity in three simple steps
Discuss your needs and determine if a reverse mortgage is right for you. No obligation.
Simple application process with minimal documentation. Get approved in as little as 24 hours.
Receive funds as a lump sum or regular payments. Stay in your home with no monthly payments.
A reverse mortgage (also known as CHIP - Canadian Home Income Plan) allows Canadian homeowners aged 55+ to access up to 55% of their home's value without selling or moving. Unlike a traditional mortgage or home equity line of credit (HELOC), you don't make monthly payments. The loan is repaid when you sell your home or pass away.
Reverse mortgages are insured and regulated in Canada, providing peace of mind that you'll never owe more than your home is worth. You retain full ownership of your home and can use the funds for any purpose — retirement income, home renovations, medical expenses, travel, or helping family.
Estimate how much you could access from your home equity
Tax-free funds for any purpose — no restrictions on how you use your money
Cover daily expenses, bills, and maintain your lifestyle without dipping into savings.
Make your home more comfortable and accessible with renovations or repairs.
Pay for medical treatments, in-home care, or assisted living expenses.
Enjoy retirement with travel, hobbies, and experiences you've always wanted.
Support children or grandchildren with education, down payments, or other needs.
Eliminate high-interest debts and reduce financial stress in retirement.
Canada's most trusted reverse mortgage solution
CHIP (Canadian Home Income Plan) is Canada's only reverse mortgage backed by HomeEquity Bank and regulated by the federal government. It's been helping Canadian seniors access their home equity since 1986, with over $5 billion in loans issued to more than 50,000 homeowners.
Get approved and funded in as little as 10 days
Free consultation to discuss your needs and determine eligibility.
30-60 minutesSubmit application and schedule home appraisal.
1-2 daysReceive approval and complete independent legal advice.
3-4 daysSign documents and receive your funds.
1-2 daysSimple documentation requirements — much easier than a traditional mortgage
Note: Unlike traditional mortgages, you don't need to prove income or pass a credit check. Approval is based primarily on your age and home value.
Understanding the key differences
| Feature | Reverse Mortgage | HELOC |
|---|---|---|
| Monthly Payments | None required | Required |
| Age Requirement | 55+ | Any age |
| Income Verification | Not required | Required |
| Credit Check | Not required | Required |
| Maximum Amount | Up to 55% of home value | Up to 80% of home value |
| Repayment | When you sell or pass away | Monthly payments |
Both options have their advantages. A reverse mortgage is ideal for seniors who want to access equity without monthly payments, while a HELOC may be better for younger homeowners with steady income.
Real stories from homeowners who chose reverse mortgages
"The reverse mortgage gave us the financial freedom to enjoy our retirement without worrying about monthly payments. We can finally travel and help our grandchildren with their education."
Margaret & Robert T.
Toronto, ON • Age 72 & 74
"I was hesitant at first, but the process was so simple and the advisor explained everything clearly. Now I can afford the in-home care I need while staying in the house I love."
Linda S.
Ottawa, ON • Age 68
"We used our reverse mortgage to renovate our home for accessibility. No more stairs to worry about, and we didn't have to sell our family home. Best decision we made."
James & Patricia M.
Mississauga, ON • Age 70 & 69
Everything you need to know about reverse mortgages in Ontario
Download helpful information about reverse mortgages
Complete guide covering eligibility, benefits, costs, and how to apply.
Compare reverse mortgages with HELOCs and traditional refinancing options.
Estimate your eligibility and potential loan amount based on age and home value.
Licensed mortgage professional providing reverse mortgage services across Ontario
Don't see your city? We serve all Ontario communities. Contact us to confirm service in your area.
Book a free consultation to discuss your reverse mortgage options
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