Reverse Mortgages After Divorce: What You Need to Know About CHIP | Jenn DiSpirito

Divorce often forces difficult financial decisions — including whether to sell your home or liquidate assets to reach a settlement.In this episode of The Divorce Circle Podcast, Sabeena speaks with Jenn DiSpirito from HomeEquity Bank about how the CHIP Reverse Mortgage works and when it may be a practical financial tool during or after divorce.They discuss:• Qualification requirements (including age and home ownership)• How reverse mortgages differ from traditional loans or HELOCs• Whether you retain ownership of your home• How accessing home equity can help avoid selling investments or property• Why reverse mortgages are not just for retireesThey also address common misconceptions — including the myth that a reverse mortgage “takes away” your equity — and explain how repayment works.If you’re approaching 55 and navigating divorce, this conversation offers practical, grounded insight into one possible strategy for maintaining stability without monthly payments.🌐 Learn more: https://www.divorcecircle.ca/