Company:Canadian Home Income Plan
From Wikology - The Open Business Directory
Take the next step About Us Type size About CHIP We are the Canadian Home Income Plan Corporation, commonly known as CHIP, and we have been in business since 1986. We are the only national financial services company in Canada exclusively dedicated to helping homeowners age 60 or older turn the equity they have built up in their homes into tax-free cash. ACHIP Home Income Plan is a loan secured by the equity in your home. Without having to sell your home, you can receive from $20,000 to $500,000. The big difference with CHIP is that you do not have to make any payments - interest or principal - for as long as you or your spouse live in your home. You maintain ownership and control of your home while enjoying all the benefits of having converted some of its value into readily accessible cash flow. The CHIP
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