Reverse Mortgages Canada- Now available to those 55 or over!

Turn your home's equity into tax free cash that you can use for anything you wish; renovations, travel, paying off your existing mortgage and debts, or helping with your grandchildren's education. If you're over 55 and own your home in Canada, you may be eligible for a reverse mortgage. The best part is you retain full ownership of your home and can continue living in it with no repayments until you sell or move out.

We help people all across Canada just like you tap into the equity in their home to free up cash and enjoy retirement on their own terms. Contact us today to find out what a Reverse Mortgage can do for you.

What's New

Bank of Canada Keeps Rates Steady…..again
Once again, the Bank of Canada announced it would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent. While the Bank said economic growth in Canada resumed in the third quarter of 2009 and there has been a slightly higher than expected rate of inflation [...]
Tue, 19 Jan 2010 20:33:31 +0000

Reverse Mortgage Rates see Big Drop
The rate on a CHIP Home Income Plan reverse mortgage dropped to 3.75 per cent today, down from 4.95 per cent, as a result of HomEquity’s recent transformation to a chartered bank. “Becoming a Schedule 1 Bank has allowed us to lower our rates because we now raise funding the same way that other banks do,” [...]
Fri, 13 Nov 2009 00:35:32 +0000

CHIP becomes Chartered Bank
Canadian Home Income Plan Corporation is now HomEquity Bank Toronto, ON – October 13, 2009 – HOMEQ Corporation (TSX: HEQ) (HOMEQ) today announced that its operating subsidiary, Canadian Home Income Plan Corporation, has received its Letters Patent and Order to Commence as a federally regulated Schedule I bank from the Minister of Finance, effective immediately. Canada’s newest [...]
Wed, 14 Oct 2009 13:19:37 +0000