CHIP is a reverse mortgage, a loan secured against the value of your home. It let’s you unlock the value in your home without having to sell or move.
The money you receive is tax-free and yours to use as you wish!
– Pay off debt
– Improve your home
– Handle unexpected expenses
– Help your children or grandchildren
– Improve your day-to-day standard of living
– Make a special trip or purchase
Benefits of CHIP:
Keep your home and stay in your community
No payments until you no longer live in your home
Relieve financial stress – use up to 55% of the equity in your home to pay off debt or handle unforeseen expenses
Enjoy retirement – the money you access is tax-free
Take Control! Get your finances under control and gain the freedom to set your own plans and priorities.
Who can Qualify?
Age 55 or older
Own your home
It is your primary residence
NO health check required
Call or email for more information about the CHIP Reverse Mortgage or any other mortgage products!