Home Equity Income Trust announced that its subsidiary, Canadian Home Income Plan Corp. (CHIP), has entered into an agreement with the CIBC.
Based on the agreement, CIBC will now be able to offer the CHIP solution to their senior clients – those aged 60 years or older. With a CHIP Home Income Plan, seniors are able to unlock the value in their homes and use the proceeds for investment, generating income, funding home renovations, or estate planning.
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