Age at Home.On Your Terms.
Access up to 59% of your home's value in tax-free cash. No monthly mortgage payments required. We compare all 4 Canadian lenders to find your perfect fit.
Joseph Markham · Mortgage Broker · FSRA #M13001543 · 13 Years Experience
Is This Right For You?
A reverse mortgage is a powerful financial tool that solves real-life challenges for Ontario homeowners 55+.
Supplement Income
Turn equity into tax-free monthly cash flow to improve your lifestyle without selling.
Age in Place
Access funds to modify your home for accessibility and comfort as you age.
Consolidate Debt
Pay off high-interest credit cards or conventional mortgages to eliminate monthly payments.
Help Your Family
Give a living inheritance or help grandchildren with a down payment today.
Grey Divorce
One spouse buying out the other after separation? A reverse mortgage lets you keep the home without taking on new monthly payments.
Fund In-Home Care
Keep a spouse at home instead of a care facility. Access equity to cover homecare costs without disrupting your retirement plan.
In the Spirit of Full Transparency
A reverse mortgage may not be ideal if one of these applies — and we'll tell you so directly in your free consultation.
You anticipate needing assisted living within 5–7 years
Quality long-term care in Ontario costs $5,000–$8,000/month. This is best funded by home sale proceeds with full equity intact, not after a reverse mortgage balance has grown.
You plan to move or sell within 2–3 years
Prepayment penalties and setup costs make short-term reverse mortgages expensive. A HELOC or bridge financing is more cost-effective for short time horizons.
You have significant liquid savings you haven't considered first
Depleting lower-cost assets first is generally more efficient. A reverse mortgage works best when home equity is your primary asset.
Your home needs major structural repairs
Lenders require the property to be in good condition. Major repairs should be addressed first — though reverse mortgage proceeds can sometimes fund this.
We review all of these scenarios in every free suitability consultation — and we will tell you honestly if a reverse mortgage is not the right fit for your situation.
We Work For You.
Not the Lenders.
If you go direct to a bank, they only show you their own product. As an independent broker, we evaluate your situation and present the best options across all 4 Canadian reverse mortgage providers.
- Unbiased advice based on suitability, not sales quotas
- Access to wholesale rates and promotional offers
- We handle the paperwork and simplify the process
- Our service is completely free to you
The 4 Canadian Lenders
We Know What You've Heard.
Here's the truth.
✗ Myth
“The interest will eat all my equity”
✓ Reality
At 2% annual home appreciation — conservative for Ontario — a typical reverse mortgage borrower retains significant equity even after 15 years. Our calculator shows your specific equity projection.
✗ Myth
“Just get a HELOC instead”
✓ Reality
A HELOC requires income qualification. Most seniors on CPP and OAS alone cannot qualify. A reverse mortgage has no income requirement — making it the only viable option for many retirees. HELOCs are also callable at any time by the lender.
✗ Myth
“The bank will own my home”
✓ Reality
You remain the registered owner on title throughout the life of the loan — exactly like a traditional mortgage. You can renovate, rent a room, and live in your home on your terms.
✗ Myth
“My children will inherit debt”
✓ Reality
All four Canadian lenders provide a No Negative Equity Guarantee. Your heirs will never owe more than the home's fair market value at sale. In fact, 99% of CHIP reverse mortgage clients have equity remaining in their home after the loan is repaid. The lender absorbs any shortfall. Zero debt passes to your family.
Quick Estimate
See a rough estimate instantly. For an exact multi-lender quote, use our full calculator.
You May Qualify For Approx.
*This is a basic estimate for detached homes. Actual amounts vary by lender, property type, and exact location.
Ready to see your specific numbers?
We provide a free, no-pressure suitability review. Find out if a reverse mortgage actually makes sense for your retirement plan.