Reverse mortgage

No place like home, retirees say

Retired Canadians aren’t budging. According to an Ipsos Reid survey conducted for HomEquity Bank (provider of CHIP Home Income Plan), 61% of retired Canadians intend to stay in their current home as long as possible after retirement.

By John Powell |August 10, 2011

1 min read

Don’t rely on home equity in retirement

A recent report from Statistics Canada says home equity makes an important contribution to retirement income. However, retirement planners say it is not necessarily a sign of financial wellbeing.

By Vikram Barhat |July 30, 2010

3 min read

CHIP parent lowers rate to win over advisors

If your company offers just one product and it's restricted to a certain age group, wouldn't it be nice to diversify just a little? When HomEquity, best know for its CHIP reverse mortgage program, became a chartered bank in October, that was, in part, the rationale.

By Steven Lamb |November 13, 2009

3 min read

CHIP repositions as investment tool

Canada’s most recognizable name in the reverse mortgage business is ramping up business, offering a number of flexible options, including optional interest repayment, to increase its appeal as an investment tool for financial advisors. Canadian Home Income Plan Corporation officials say between 50% and 75% of its clients are already using at least a portion […]

By Mark Noble |May 29, 2007

4 min read