HomEquity Bank originates and administers Canada's largest portfolio of reverse mortgages under the CHIP Home Income Plan brand. HomEquity Bank and its predecessor, Canadian Home Income Plan Corporation, has been the main underwriter of reverse mortgages in Canada since pioneering the concept in 1986.
HomEquity Bank’s CHIP Home Income Plan is a solution that meets the needs of Canada’s retired homeowners. With increasing demands on their retirement savings, many Canadian seniors need additional funds to live their lives to the fullest. The CHIP Home Income Plan is an ideal solution. With it, seniors can monetize a significant portion of the investment in their homes while continuing to live there.
Since its inception, the CHIP Home Income Plan has helped thousands of Canadian seniors achieve a more secure retirement. The heightened demand for our product solution is driven by demographics and by the awareness of seniors and their financial advisors.
HomEquity Bank is owned by Birch Hill Equity Partners (“Birch Hill”). With $2 billion in capital under management, Birch Hill has invested in more than 50 investments since 1994; Birch Hill is the leader in long-term value creation in the Canadian mid market. For more information about Birch Hill Equity Partners, please visit www.birchhillequity.com.