Learn about the benefits of a reverse mortgage

Servicing the GTA and Hamilton area

Learn about the benefits of a reverse mortgage

Servicing the GTA and Hamilton area

Unlock the Value of Your Home with a Reverse Mortgage

You can receive tax-free recurring payments, a lump sum, or a mix of both. Repayment isn’t required until you move, sell your home, or pass away. These funds can help you:

  • Secure an income source during retirement
  • Pay down existing debts
  • Fund home improvements
  • Provide financial support to family
  • Cover the costs of in-home care

Unlock the Value of Your Home with a Reverse Mortgage

You can receive tax-free recurring payments, a lump sum, or a mix of both. Repayment isn’t required until you move, sell your home, or pass away. These funds can help you:

  • Secure an income source during retirement
  • Pay down existing debts
  • Fund home improvements
  • Provide financial support to family
  • Cover the costs of in-home care

Eligibility Criteria for a Reverse Mortgage:

  • Your home must be your primary residence, where you reside for a set minimum period each year
  • Titleholders typically apply as joint borrowers
  • The property must be owner-occupied and cannot be a secondary home
  • Eligible property types include detached homes, semi-detached homes, condos, and townhomes
  • You must show the financial ability to cover ongoing costs such as property taxes, insurance, and condo fees (a lender may withhold and release funds gradually to ensure these obligations are met)
  • Available to homeowners aged 55 and over
  • Location may impact your options, with different considerations for major urban centres versus remote areas

Eligibility Criteria for a Reverse Mortgage:

  • Your home must be your primary residence, where you reside for a set minimum period each year
  • Titleholders typically apply as joint borrowers
  • The property must be owner-occupied and cannot be a secondary home
  • Eligible property types include detached homes, semi-detached homes, condos, and townhomes
  • You must show the financial ability to cover ongoing costs such as property taxes, insurance, and condo fees (a lender may withhold and release funds gradually to ensure these obligations are met)
  • Available to homeowners aged 55 and over
  • Location may impact your options, with different considerations for major urban centres versus remote areas
Contact Us

Patrick Dwyer

Mortgage Agent Level 1
#M25000013

Discover how a reverse mortgage can benefit you today!

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