CHIP Reverse Mortgage Estimate
Answer a few quick questions to see an estimate of how much tax-free cash you could unlock from your home.
How old is the youngest homeowner?
CHIP Reverse Mortgages are only available if the youngest person on title is at least 55 years old.
Where is the property?
CHIP Reverse Mortgages are for Canadian homes that are used as your primary residence.
Is this your primary residence?What type of home is it?
This helps us align your estimate with common CHIP guidelines.
About how much is your home worth?
A ballpark is fine. CHIP typically requires a minimum home value around $250,000.
What do you still owe on this property?
Funds are first used to pay off any mortgage or secured line of credit on the home, then the rest is available to you.
How would you like to use the funds?
This doesn’t affect eligibility – it helps us tailor the estimate and next steps to your goal.
Your estimate
Based on the $— home value you entered
Estimated towards your goal $— plus $— from our lending partners.
If you have a mortgage or secured line of credit, a portion of funds may be used to pay it out.
With a CHIP Reverse Mortgage you keep ownership of your home and you don’t make regular mortgage payments, but you must keep up with your property taxes, insurance, and basic maintenance.
This opens your email app with a pre-filled copy of your estimate.
Choose how you’d like to continue
Enter your name once, then email, WhatsApp, call, or continue to the full application.
Your details
Email requires first and last name. WhatsApp requires first name.
We respond during business hours. For the fastest next step, continue to the full application.
Office Information
Weekends: Closed
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Closed on Alberta statutory holidays
Times shown in Mountain Time (Edmonton).