Reverse Mortgage Information Blog
An Answer to Debt in Retirement
June 14, 2010
Andrew Allentuck, a Financial Post columnist, wrote an article which brings to light the heavy debt problems many retirees are facing. He addresses numerous issues such as an extending life expectancy as well as a growing desire to retire at an earlier age, which are... Read More →
Things to Consider Before Obtaining a Reverse Mortgage
June 7, 2010
When considering whether or not a Canadian Reverse Mortgage is for you, you should take the time to do some research and speak with a knowledgeable Reverse Mortgage Specialist. These are three of the common factors you should consider before obtaining a Reverse Mortgage. 1)... Read More →
Reverse Mortgages Becoming More Attractive Option
March 17, 2010
Reverse Mortgages in Canada just became a much more attractive option for house-rich but cash-poor seniors. With the approval of a banking license for Homequity Bank, the Canadian Home Income Plan, or CHIP as it’s more affectionately known, is able to raise capital... Read More →
5 Tips to Understanding Interest Rate Activity
January 12, 2010
A few ‘rules of thumb’ to keep in mind when interpreting interest rate activity: 1. As the economy begins to improve, remember: interest rates will go up. Inflation encourages an increase on bond yields which, in turn, produces higher rates. 2. Don’t wait for the Bank... Read More →
How to Receive More Income & Reduce Your Taxes
July 29, 2009
It seems that Canadians are beginning to retire earlier and live longer than they were not very long ago. As a result, Canadian seniors are spending more, saving less and receiving less income than they need to live comfortably through retirement. However, for Canadians... Read More →
Finally! An Alternative Solution to Debt Relief
July 9, 2009
Does this scenario sound familiar? It’s been a lovely morning and you’ve just finished a relaxing breakfast with your spouse. You remember thinking that the weather is too nice not to enjoy the sunshine, so you step outside to go for a walk. You’ve been... Read More →
Boost Retirement Income in Tough Times
March 31, 2009
EDMONTON, ALBERTA - March 27, 2009 – Many Canadian seniors are supplementing their retirement incomes in these uncertain economic times by accessing some of their home equity through the Canadian Home Income Plan (CHIP), known as a reverse mortgage. CHIP, offered through... Read More →
How to Supplement One’s Retirement Income
February 6, 2009
If you’re like other Canadians who, unfortunately, don’t have enough saved for retirement, the Canadian Home Income Plan (CHIP) could be a viable option to supplement your retirement income. Statistics Canada estimates that, on average, 77% of seniors’... Read More →
CHIP Lump Sum Payment versus Periodic Payment
January 3, 2009
As you’ve probably seen, the literature throughout the Horizon Equity website states that with a Canadian Home Income Plan (CHIP) reverse mortgage, you are able to withdraw your home equity by means of one lump sum payment, or periodic payments over time. Choosing... Read More →
Claiming Reverse Mortgage Interest on Your Taxes
December 8, 2008
If you are getting a Canadian Home Income Plan (CHIP) reverse mortgage to invest your home equity, Horizon Equity equips you with yet another benefit of choosing the CHIP product. In Canada, when you borrow to invest, the interest costs associated with borrowing are tax... Read More →


