Our Products

Reverse Mortgage

Realize the value of your home.
  • Keep your home
  • No payments
  • Relieve financial stress
  • Enjoy retirement
  • Take control

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.


Income Advantage

Your home equity. Your Income Advantage.
  • Provide additional income
  • Preserve investment portfolio
  • Lower your tax liability long term*

Income Advantage from HomeEquity 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.



  • Cash for large unforeseen expenses
  • Maintain your lifestyle in retirement
  • Access your equity without having to sell

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!



  • Access your equity for short-term needs
  • Maintain homeownership and title
  • No prepayment penalties

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.
  • 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


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.