Mortgages
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Simplify your path to financial freedom with a flexible and tailored reverse mortgage solution.
Take the time to explore your options—let us help you secure the perfect deal tailored to your needs and lifestyle.
With a reverse mortgage, Canadian homeowners 55 and older can unlock the equity in their homes, turning it into tax-free cash while staying in the home they love.
Homeowners 55 and older can borrow up to 59% of their home’s value.
Maximize your home’s value without ever owing more than it’s worth.
Access tax-free funds upfront or over time, with no monthly payments.
Learn how a reverse mortgage can help you achieve financial freedom
Access your home’s equity without selling or moving, allowing you to stay in the place where you’ve built a lifetime of memories.
Enjoy the wealth from your home now, enabling you to support family members with expenses like education or home purchases.
No repayment is required as long as you remain in your home and meet the necessary obligations, offering peace of mind and steady cash flow that supports your financial stability.
No regular mortgage payments are required.
Retain ownership and control of your property.
Access to tax-free cash without selling your home.
You're guaranteed to never owe more than your home's fair market value.
Potentially delay withdrawals from RRSPs and other retirement accounts.
Ability to financially assist family members while you're still alive.
We will review your application, and you could receive conditional approval in just one day.
Provide the required paperwork, and we’ll arrange a professional appraisal for your home.
Work with your closing and Independent Legal Advice (ILA) lawyers to finalize the agreement.
Your reverse mortgage funds will be deposited directly into your account on your chosen date.
Markus, a 70-year-old retiree, and Angela, a 68-year-old retired teacher, were both feeling the financial pinch in their golden years. Markus found that his pension and savings weren’t quite enough to cover his daily living expenses and medical bills, while Angela’s modest pension and savings fell short of funding her dream travels and supporting her grandchildren’s education.
After careful research, they both decided to explore reverse mortgages as a solution to their financial challenges. By accessing their home’s equity, they were able to achieve several personal goals:
They chose to opt out of having any regular mortgage payments and appreciated the flexibility to pay down the mortgage when they had extra cash using their prepayment privileges.
The funds from their reverse mortgage don’t affect any of their various income sources, doesn’t reduce their eligibility for government benefits and is tax-free. This allows them to access additional funds without impacting their existing financial stability.
They opted for a combination of regular monthly payments and a lump sum, allowing them to supplement their income, enjoy dream trips, support their grandchildren’s education, and make necessary home repairs.
Markus and Angela were able to convert a portion of their home’s equity into a reliable source of tax-free cash with no monthly payments—allowing them to stay in the home they loved without having to sell. This not only made their own dreams come true but also helped fulfill the aspirations of their family.
We offer several options for accessing your funds, allowing you to customize the disbursement method that works best for your needs. You can choose from Recurring Advances, Single Advances, or a One-Time Advance (Initial Advance).
Be at least 55+ years old
Own your home
Live in your home as your primary residence
Meet the minimum appraised home value required
Determine if a reverse mortgage is right for your situation
Compare options from different lenders
Navigate the application process
Ensure you understand all terms and conditions
To be eligible, you must:
You can typically access up to 55% of your home’s appraised value. The exact amount depends on factors like:
No, you retain full ownership of your home. The reverse mortgage is simply registered against your property, similar to a traditional mortgage.
You have multiple options:
No, the funds from a reverse mortgage are not considered taxable income and will not impact:
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
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After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
