Is a Reverse Mortgage Right for Ontario Retirees?

For many Ontarians over 55, most of their wealth is tied up in their homes. A reverse mortgage allows you to unlock that equity without selling your home.

Who Qualifies for a Reverse Mortgage in Ontario?

• Homeowners 55+

• Primary residence must be in Canada

• Loan amounts depend on home value, location, and age

How Much Can I Borrow?

In Ontario, reverse mortgage lenders typically allow access to up to 55% of your home’s appraised value.

Do I Lose Ownership of My House?

No, you remain the legal owner. The lender is repaid when you move, sell, or pass away.

Common Concerns from Ontario Retirees

• Inheritance: Will my children still inherit? Yes, but equity is reduced.

• Interest Costs: Reverse mortgages accrue interest, but no monthly payments are required.

• Safety: Reverse mortgages are highly regulated in Canada to protect homeowners.

Curious about your options? Visit our Reverse Mortgage Services.