Reverse Mortgage
Access your home equity without monthly payments
Overview
Reverse Mortgage Options for Ontario Homeowners 55+
A reverse mortgage allows Canadian homeowners aged 55+ to access up to 55% of their home's equity without making monthly mortgage payments. It's an excellent solution for retirees who want to supplement their income, cover healthcare costs, or simply enjoy a more comfortable retirement while staying in the home they love.
Benefits
Benefits of a Reverse Mortgage in Retirement
- Available to homeowners aged 55 and over
- Access up to 55% of your home's equity
- No monthly mortgage payments required
- Stay in your home - no need to sell or move
- Tax-free funds (not considered income)
- Repay when you sell, move, or pass away
A reverse mortgage allows Canadian homeowners aged 55 and older to convert up to 55% of their home equity into tax-free cash without selling their home or making monthly mortgage payments. The loan is repaid when you sell the home, move out, or pass away. This makes it an ideal solution for retirees who want to supplement their income, fund healthcare costs, or simply enjoy their retirement years without financial stress.
Reverse mortgages in Canada are offered by a small number of specialized lenders and are regulated to protect borrowers. You can never owe more than the fair market value of your home (the no-negative-equity guarantee). Your heirs inherit the property and can choose to repay the loan and keep the home, or sell and retain any remaining equity.
There are no income or credit score requirements for a reverse mortgage - qualification is based primarily on your age, property type, and location. We provide a thorough analysis to help you understand whether a reverse mortgage is the right choice, including comparing it to alternatives like a HELOC or downsizing, for homeowners across Brampton, Toronto, and all Ontario communities.
How It Works
How to Get a Reverse Mortgage in Ontario
We have streamlined the mortgage process to make it as smooth and stress-free as possible.
Eligibility Check
We confirm your age, property type, and available equity to determine eligibility.
Options Review
We present reverse mortgage options and compare with other solutions like HELOCs.
Application
We handle the application process with the reverse mortgage provider.
Funding
Receive your funds as a lump sum, scheduled payments, or a combination.
Areas We Serve
Reverse Mortgage Services Across the GTA
We provide reverse mortgage services to clients across the Greater Toronto Area and all of Ontario. In-person and virtual consultations are available.
Find Your Nearest OfficeFAQ
Reverse Mortgage Questions for Seniors
Get Started
Apply for Reverse Mortgage
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