We have some really exciting news about Reverse Mortgages in Canada from CHIP Home Income Plan! As of November 2009 CHIP has become a Schedule 1 chartered bank … and that means good news for seniors. Rates have dropped and now a 1 year variable rate with CHIP is as low at 3.25%. Most people are choosing variable rates right now with the option of locking into a 1, 3 or 5 year fixed rate at any time. Hope you like our website about Reverse Mortgages in Canada and feel free to connect with us online – send us an email and we’ll get back to you! Hope to hear from you soon!