Reverse Mortgages

Reverse Mortgages for Homeowners 55+

Turn the equity in your home into tax-free cash without selling and without regular mortgage payments. Stay in the home you love while you supplement retirement income, pay off debt or help family.

Check My Eligibility Call (905) 409-4504

How It Works

Access Your Home's Equity and Stay Where You Are

A reverse mortgage lets Canadian homeowners aged 55 or older borrow against the value of their home. You keep ownership, and no regular mortgage payments are required. The amount available depends on your age, your home's value and its location.

As your broker, we compare lenders, explain the costs in plain language, and help you decide whether a reverse mortgage is the right fit or whether another option would serve you better.

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At a glance

Who
Homeowners aged 55 or older

Payments
No regular mortgage payments required

Ownership
You keep ownership of your home

Use of funds
Retirement income, debt, family support and more

Why Homeowners Choose It

Six Ways a Reverse Mortgage Can Help

Your home is likely your largest asset. A reverse mortgage lets it work for you in retirement.

Tax-Free Cash

Turn the equity you have built into tax-free cash without selling your home.

No Regular Payments

No regular mortgage payments are required, which can ease pressure on your monthly cash flow.

Stay in Your Home

You keep ownership and can continue living in the home and neighbourhood you love.

Retirement Income

Supplement your retirement income to cover everyday costs, healthcare or home care.

Pay Off Debt

Clear high-interest debt and simplify your budget with fewer monthly obligations.

Help Your Family

Support children or grandchildren, or fund renovations so your home suits you as you age.

Our Process

From First Call to Funding in Three Steps

Free Eligibility Check

We review your age, home value and location to estimate what may be available, with no obligation.

Compare and Explain

We compare lenders and walk you through the costs, interest and how repayment works.

Apply and Fund

We manage the application. Lenders generally require independent legal advice before you sign.

Honest Advice

Is a Reverse Mortgage Right for You?

It is a powerful tool, but not the right one for everyone. Here is what we walk through with every client before they decide.

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Interest builds over time

With no regular payments, interest is added to the balance, so the amount owed grows the longer the loan runs.

Equity reduces

The balance is generally repaid when you sell, move out or the home is transferred, which reduces the equity left for you or your estate.

Rates are usually higher

Reverse mortgage rates are typically higher than conventional mortgage rates, so we compare them against your alternatives.

Alternatives may fit better

A refinance, home equity loan or downsizing may suit your goals better. We will show you the numbers side by side.

Common Questions

Reverse Mortgage Questions, Answered

Can't find what you're looking for? Call us at (905) 409-4504 or send a message and we will get back to you quickly.

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Who qualifies for a reverse mortgage?

Canadian homeowners aged 55 or older can generally qualify. The amount available depends on your age, your home's value and its location. You keep ownership of your home and no regular mortgage payments are required.

Do I still own my home?

Yes. You keep ownership of your home and can continue to live in it, as long as you meet your lender's conditions, such as maintaining the property and keeping up with property taxes and insurance.

When does a reverse mortgage have to be repaid?

The balance is generally repaid when you sell the home, move out permanently or the last borrower passes away. We will explain the specific terms of your lender before you decide.

What can I use the money for?

Whatever suits you: supplementing retirement income, paying off debt, home renovations, helping family or covering care costs.

How much does a reverse mortgage cost?

Costs vary by lender and can include an appraisal, legal fees and interest. We give you a clear breakdown upfront so you can compare before you commit.

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