A reverse mortgage lets you access up to 55% of your home's value — tax-free, with no monthly payments — while you keep full ownership and stay in your home. We'll show you exactly how much you qualify for, in plain English.
You've worked your whole life to build equity. Learn how to access it without selling, moving, or making monthly payments.
EXPLORE YOUR OPTIONS →Worried about their finances, healthcare costs, or quality of life? Here's how to evaluate a reverse mortgage together.
FAMILY GUIDE →A reverse mortgage isn't a regular loan. It's specifically designed for retirees who want to access equity without monthly pressure.
You make zero payments while you live in the home. Interest accrues, and the loan is repaid when you sell, move, or pass on — typically from the home's sale.
Qualification is based primarily on your age and home value — not your pension, employment, or credit score. That's why retirees on fixed incomes can qualify when banks turn them down.
Title stays in your name. You can sell anytime, leave the home to your heirs, or stay for life. The lender never owns your home.
Estimates use the same age-and-value formula as Canada's two reverse mortgage lenders (CHIP and Equitable Bank). No email required for the estimate.
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Book a Free 15-Min ConsultationWorried about leaving less to your kids? Our Inheritance Impact Calculator shows you exactly how a reverse mortgage affects what they inherit — year by year, with strategies to preserve more.
Try the Inheritance ToolNo. You retain full title and ownership. The lender places a charge on the property (similar to a regular mortgage) but cannot force a sale as long as you live there, maintain the property, and keep up with property taxes and insurance.
No. Both Canadian reverse mortgage lenders (CHIP and Equitable Bank) include a "no negative equity guarantee." If your home is sold and the loan balance exceeds the sale price, you and your heirs owe nothing more.
Setup costs typically run $1,800–$2,500 (appraisal, legal fees, closing). Interest rates are higher than a regular mortgage — usually 1.5%–3% above prime — because there are no monthly payments to manage credit risk. We'll show you the exact numbers before you commit.
No. Reverse mortgage funds are not considered income, so they don't affect Old Age Security, the Guaranteed Income Supplement, CPP, or any private pension. They're tax-free.
Yes. When you pass, your estate can either sell the home and use the proceeds to repay the loan (your heirs keep any remainder) or pay off the balance from other funds and keep the home. Many families plan this in advance.
You can sell at any time. The reverse mortgage is repaid from the sale proceeds, and any remaining equity is yours. There may be a prepayment charge in the first few years depending on your contract terms.