Reverse Chip Mortgage
Discover how you can stay in the home you love and live a comfortable lifestyle
Benefits of the chip reverse mortgage
You always own your home
The lender is not in the homeownership business. Instead, we are here to provide you with a unique financial product designed to provide you with the cash you need, when you need it.
No regular monthly payments
You are not required to make regular mortgage payments for as long as your home is your primary residence
Tax-free
All funds acquired through chip are tax-free and do not affect your OAS or CPP
With expertise in the Canadian mortgage industry, Blue Chip Mortgage Corporation will help you get the most out of your chip mortgage .
A customizable solution
Access up to 55% of the value of your home and receive the funds in the amount you desire in one lump-sum. You can also get monthly/quarterly installments, or a combination of a lump-sum and installments .