CHIP Reverse Mortgage calculator
Discover how much home equity your client can access. Use our interactive calculator to customize a CHIP Reverse Mortgage solution that aligns with your client’s retirement financial goals.
Vos clients pourraient avoir droit à un montant allant jusqu’à en fonds libres d’impôt.
| Products |
CHIP Reverse Mortgage 
|
Income Advantage 
|
CHIP Max 
|
CHIP Open 
|
|---|---|---|---|---|
| Details | Unlock home equity | Receive regular interval payments | Access larger amounts of home equity | Access a short-term financing solution |
| Estimated Loan Amount* |
| Home Equity |
| Interest |
| Reverse Mortgage |
|
|
Aujourd’hui | In 5 Years |
|---|---|---|
| Home Value | $1,000,000 | $1,480,244 |
| Reverse Mortgage | $500,000 | $500,000 |
| Interest | $0 | $403,054 |
| Remaining Home Equity | $500,000 | $577,191 |
No Negative Equity Guarantee
Due to our No Negative Equity Guarantee, as long as the client meets their mortgage obligations, HomeEquity Bank guarantees
[1] that the amount they will have to pay on their due date will not exceed the fair market value of their home. If their home depreciates in value, or the mortgage
amount due is more than the gross proceeds from the sale of the property, HomeEquity Bank covers the difference between the sale price and the loan amount.
[1] Must maintain property, pay property taxes and homeowners’ insurance, and abide by your mortgage obligations. The guarantee excludes administrative expenses
and interest that has accumulated after the due date.
| Home Equity |
| Interest |
| Reverse Mortgage |
Expert Sales Support
Connect with our top-tier sales professionals dedicated to elevating your business with personalized reverse mortgage solutions
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