Reverse Mortgages allow Canadian homeowners to convert a portion of their home's value into tax-free cash, with no regular mortgage payments until they move or sell or the last homeowner passes away.

Unlike regular mortgages or even Home Equity Lines of Credit where you must normally qualify on a higher income and credit threshold, with reverse mortgages qualifying is more straightforward, making it a more accessible option for older homeowners. Generally, you need to show that you can keep up with property taxes, condo fees and home insurance.

The expenses associated with a reverse mortgage depend on its type. These may involve lender fees, charges for independent legal advice, and the cost of a home appraisal.

We do not charge fees. The brokerage is paid by the lender just like any other commissioned salesperson. The benefit of using our brokerage is that we help you choose the best lender and the right product from the numerous products available in Canada today.

Rates vary based on the product you choose and your qualifying lender. For example, if you want more money upfront the rate might be different than if you want money spread out each month over time.

During the approval process a Mortgage Specialist will fully explain interest rates, fees ensuring transparency & no hidden costs. For a quick overview, fill in your contact information and you can normally be provided with a quote within 24 hours.