Unlock the value in your home.

  • Keep your home
  • No payments
  • Relieve financial stress
  • Enjoy retirement
  • Take control

Reverse Mortgage

CHIP is a reverse mortgage, a loan secured against the value of your home. Unlike a loan or a regular mortgage, with CHIP you are not required to make payments. You only repay the loan when you move or sell your home.

You are required to keep your property in good maintenance, pay your property taxes and property insurance.

The money you receive is tax-free and yours to use as you wish.


Your home equity. Your Income Advantage.

  • Provide additional income
  • Preserve investment portfolio
  • Lower your tax liability long term*

Income Advantage

Income Advantage from HomEquity Bank is a loan secured against the value in your home. It lets you convert part of your home equity into cash – without requiring you to sell or move. If you want the convenience of monthly or quarterly advances, Income Advantage is the product for you.

You maintain complete ownership and control of your home. Income Advantage lets you access up to 55% of your home’s appraised value and you receive the money tax-free.

* Always consult your accountant or financial advisor.


GICs from HomEquity Bank are offered to investors across Canada.

  • Terms range from 1 to 5 years
  • Interest rate is fixed for the length of the term chosen
  • Unless otherwise stated, all rates quoted are per annum


HomEquity Bank offers Guaranteed Investment Certificates to investors across Canada through a network of independent deposit brokers. Contact your investment advisor to purchase a HomEquity Bank GIC.

HomEquity Bank's GICs are eligible for deposit insurance protection from CDIC for up to $100,000.