Access your home equity without selling or making monthly payments. Stay in your home while supplementing your retirement income.
Free Expert Consultation - Learn if a reverse mortgage is right for you
A reverse mortgage lets you borrow against your home's equity without selling or making monthly mortgage payments
You borrow a percentage of your home's value (up to 55% in Canada)
You receive funds as a lump sum, monthly payments, or line of credit
You continue living in your home with no monthly mortgage payments
Loan is repaid when you sell, move, or pass away
Continue living in your home for as long as you want. You retain ownership and control.
Unlike traditional mortgages, you don't make any monthly mortgage payments. Interest accumulates over time.
Funds from a reverse mortgage are tax-free. However, check with a financial advisor about potential impacts on income-tested benefits like OAS or GIS.
You can never owe more than your home's value. No debt passed to your estate or family.
Receive funds as lump sum, monthly income, line of credit, or combination - your choice.
Approval based on age and home value, not credit score or income. Poor credit is okay!
Check if you meet the requirements for a reverse mortgage in Canada
All homeowners on title must be at least 55 years old. The older you are, the more you can borrow.
Property must be your primary residence in Canada. Can be house, condo, or townhome.
Property must meet lender's condition standards. May require minor repairs or maintenance.
Usually need at least 25% equity in your home to qualify.
The amount you can borrow depends on three main factors:
Older homeowners can borrow more (up to 55% of home value)
Higher valued homes qualify for larger amounts
Type of property and where it's located affect eligibility
Cover daily living expenses and maintain your lifestyle in retirement
Eliminate high-interest credit card or loan payments
Age-in-place modifications, repairs, or upgrades
Cover healthcare costs not covered by insurance
Let me help you understand all your options and determine if a reverse mortgage is the best choice for your retirement goals. Free consultation with no obligation.
Request more information about reverse mortgages