Real Estate and Mortgage Institute of Canada Inc.
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Tag Archives: CHIP

What is a Reverse Mortgage?

What is a Reverse Mortgage? A Reverse Mortgage is a type of interest accruing mortgage that is typically provided to seniors.  The major provider of Reverse Mortgages in Ontario today is the Canadian Home Income Plan (CHIP).  This organization provides homeowners who are 55 years of age or older up to 50% of the property […]