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Address
Royal Bank Plaza, South Tower, 200 Bay Street, Suite 3500, Toronto, ON M5J 2J1
Get In Touch
Toll Free: 1-866-522-2447
Phone: 416-925-4757
Fax: 416-925-9938
Email: info@heb.ca
Unlock the wealth you’ve already built. Discover our flexible financial solutions – for additional capital that may be tax-efficient to support loved ones, ongoing income, or funds to manage expenses and debt.
Realize the value of your home
The CHIP Reverse Mortgage is a loan secured against the value of your home. Unlike a regular loan or mortgage, with CHIP, you are not required to make payments. You’re free to enjoy your retirement. You only repay the loan when you move or sell your home. And you maintain complete control until you decide to do so.
All you’re responsible for are the property taxes and insurance and to keep your property well-maintained.
The money you receive with the CHIP Reverse Mortgage is tax-free. What you do with it is up to you.
Supplement Your Retirement Income
Convert your home equity into a reliable source of ongoing income—without selling your home or taking on monthly payments. Similar to the recurring payments provided by an arrangement like a pension, Income Solution turns part of your home’s value into recurring monthly or quarterly tax-free supplemental income, providing financial flexibility when you need it most. Whether you’re smoothing out cash flow, covering medical expenses, funding travel, or tackling home renovations, this solution adapts to your needs and typically doesn’t affect your government benefits.
1As long as you maintain the property, pay property taxes and homeowners’ insurance, and abide by your mortgage obligations.
Strategic Solutions for your Financial Goals
Custom Solution may support your plans for:
Consider speaking with tax, investment or estate planning advisors if you have questions about your specific financial circumstances.
Transform your home equity into flexible capital that could be tax-efficient and supports your comprehensive wealth strategy you determine with your financial advisors. Whether you’re estate planning, providing financial support to family, purchasing an investment property, or exploring bridge financing opportunities, Custom Solutions may help you maximize your assets while minimizing tax implications. HomeEquity Bank’s specialists can work alongside your advisor and provide information to help you determine whether Custom Solutions is right for you.
CHIP Max is a Reverse Mortgage loan secured against the value of your home. This product is designed to give our younger clients access to a higher percentage of their home equity. If you’re considering alternative lenders or a second mortgage, the CHIP Max Reverse Mortgage may offer you more value in the long run. The money received is tax-free and can be used however you wish!
CHIP Open is a Reverse Mortgage loan, secured against the value of the home. This product is designed for homeowners age 55+ searching for a short-term financing solution with the option to repay the full loan amount at any time without prepayment penalties. CHIP Open can help you get access to capital to seize a new opportunity, assist with your bridge financing needs or pay off existing debt – the choice is yours!
GICs from HomEquity Bank are offered to investors across Canada.
HomeEquity Bank offers Guaranteed Investment Certificates to investors across Canada through a network of independent deposit brokers. Contact your investment advisor to purchase a HomeEquity Bank GIC.
HomeEquity Bank’s GICs are eligible for deposit insurance protection from CDIC for up to $100,000.
Royal Bank Plaza, South Tower, 200 Bay Street, Suite 3500, Toronto, ON M5J 2J1
Toll Free: 1-866-522-2447
Phone: 416-925-4757
Fax: 416-925-9938
Email: info@heb.ca