Unlock the equity in your home while continuing to live there. No monthly payments required. Designed for Canadian homeowners 55 and older.
A reverse mortgage lets you convert up to 55% of your home's value into tax-free cash without selling or moving.
Complete a simple application with basic information.
Determine your home's value to calculate borrowing amount.
Get money as lump sum, scheduled payments, or combination.
Continue living in your home with no monthly payments.
Maintain ownership and live in your home as long as you wish.
Loan is repaid when you sell or leave the home.
Funds received won't affect your OAS or GIS benefits.
Never owe more than your home's value.
The loan becomes due when you sell, move out, or pass away. Your estate or heirs can pay off the loan or sell the home. Any remaining equity belongs to you or your heirs.
Yes! You retain full ownership and your name stays on the title. You're responsible for property taxes, insurance, and maintenance.
No. Canadian reverse mortgage products include a "no negative equity guarantee" protecting you and your heirs.
You or your spouse must be 55+, own your home, and it must be your primary residence with sufficient equity.
Get a free, no-obligation assessment to see if a reverse mortgage is right for you.
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