HomeEquity Bank has joined The Royal Canadian Legion Member Benefits Package (MBP), which means more variety and choice for members and their families.

HomeEquity Bank, provider of the CHIP Reverse Mortgage, is a federally regulated Canadian bank that allows Canadian homeowners who are 55 or over to access up to 55 percent of the value of their home tax-free by tapping into that equity while still owning the home and living there. Through this partnership, HomeEquity Bank provides special benefits to Legion members and their families.

Like many Canadians, you may be concerned about carrying debt into your retirement years, or wondering whether your savings will stretch far enough. HomeEquity Bank empowers Canadians 55-plus by offering an option that allows them to finance their retirement on their terms. If you’ve worked hard to build equity in your home, a reverse mortgage can allow you to tap into that equity while still owning your home and living there.

HomeEquity Bank is a federally regulated, schedule 1 Canadian bank. For more than 30 years, it has exclusively served homeowners 55-plus, operating right across the country.

Now, HomeEquity Bank is pleased to announce a partnership with The Royal Canadian Legion. We appreciate and support the goals of the Legion, and this partnership allows us to provide special benefits to Legion members and their families. We’re proud to play a role in improving the lives of Canadians who have served this country.

Did you know that 42 percent of Canadian home- owners are 55-plus? If you’re among them, a reverse mortgage can help you stay in your home as long as you wish. It allows you to access up to 55 percent of the value of your home, tax-free. Use the funds in any way you wish – travel, wipe out debts or renovate your home – without having to pay it back until you move or sell. HomeEquity Bank has already helped enhance the lifestyles of thousands of other Canadians 55-plus, and 99 percent of them have cash left in the home when the loan is repaid and half have just under 50% of the equity still remaining.

If you think a CHIP Reverse Mortgage could be the right option for you, find out more about your $500 Cash Back Rebate* from HomeEquity Bank. Be sure to mention that you’re a member of The Royal Canadian Legion. Visit www.chipmoney.ca/Legion or call toll-free 1 (877) 875-2447