Am I eligible for a reverse mortgage?

If you are an Ontario, Alberta, or British Columbia homeowner over the age of 55, there’s a good chance you’re eligible.

What is the cost of a reverse mortgage?

Your Reverse Mortgage will accrue interest, which is simply added to the balance over time. Additionally, at the time the mortgage is funded, a processing and appraisal fee will be deducted from your proceeds. That’s it.

Would I still own my home after taking out a reverse mortgage?

Absolutely – you’ll still own 100% of your home.

What happens if I have an existing mortgage?

Many of our clients use the reverse mortgage proceeds to pay off their existing mortgage. This gives them the advantage of eliminating monthly mortgage payments and unlocking financial flexibility in retirement.

How long does it take to get a reverse mortgage?

Depending on where you live, it can take as little as 48 hours to get approved for a Reverse Mortgag. The application process itself takes about 15 minutes over the phone. Call us at 416.875.5585 to apply now!

Reverse Mortgage
Calculator

For Ontario homeowners 55+, a reverse mortgage can provide the tax-free cash flow you need — without selling your home, giving up ownership, or taking on monthly payments.

GET STARTED

Are you 55+?

YES

Why We Ask?

Why Reverse Mortgages are Becoming Popular in Canada?

For many years, reverse mortgages carried a negative reputation — largely due to misinformation and outdated programs from decades ago. People believed that taking out a reverse mortgage meant giving up ownership of their home, losing control of their finances, or leaving their families with debt. However, modern reverse mortgages in Canada operate very differently and are now built on strict consumer protections designed to safeguard homeowners.

No Negative Equity Guarantee

This guarantee ensures you will never owe more than the fair market value of your home at the time it is sold. Even if real estate prices drop or market conditions change, your estate will never be on the hook for additional debt. This protection gives peace of mind to both homeowners and their families, ensuring the home will always cover the loan balance.

You Always Remain on Title

One of the biggest myths is that you “sign over” your home — but in reality, reverse mortgage lenders in Canada do not take ownership of your property. You stay fully on title, fully in control, and maintain complete ownership rights. This means you decide when you move, sell, or make changes to the property, just as you always have.

Flexible Repayment Options

Reverse mortgages offer one of the most flexible repayment structures in the mortgage industry. You’re not required to make monthly payments, which can significantly ease financial stress during retirement. However, if you choose to make interest payments or partial repayments at any time, you have the freedom to do so. This flexibility allows homeowners to manage their finances in a way that best supports their lifestyle and long-term goals.

How it works?

1. Get an estimate online within a minute

With the our reverse mortgage calculator it is simple, free and easy to calculate a quote online.
We ask you a few questions about yourself and your home to calculate a tailored reverse mortgage quote.
Please note that the reverse mortgage quote provided by our calculator is an estimate only. If you would like a more precise estimate, please call us at 416.875.5585

2. Speak with us to
apply

You'll speak to one of our representatives, who can answer any questions you have about reverse mortgages and working with us.
We may need to conduct an appraisal of your home. If required, this will be organized and paid for by us upfront - there is nothing for you to pay out of pocket!
It is important to note that there is no obligation at this stage. Our team will review your application and your Customer Representative will inform you of the results.

3. Receive a commitment from us

If you are approved, our representatives will send you a Commitment Letter that outlines the amount available to you, key terms and conditions, and information about the product.
One of our representatives will take as much time as needed to review this with you and ensure you're comfortable and informed.
There is still no obligation for you at this point. Take the time to review this document with your family and advisors.

4.Get Independent legal advice

By law, every customer looking to take a reverse mortgage must first get independent legal advice from a lawyer.
This process is there to protect you and ensure that you fully understand everything you need to know about the product, and the terms and conditions of a reverse mortgage.
In most cases, the cost for the lawyer is deducted from the reverse mortgage proceeds, so there is still nothing for you to pay upfront.

5. Financial freedom unlocked!

Once you're ready to move forward, your lawyer will help you sign the required mortgage documents.
You will choose a date you would like to receive the funds, and the bank account you'd like to receive them in.
On this date, We will drop the funds directly into your account, and the process will be completed.