Common Reverse Mortgage Questions
Reverse Mortgages let you unlock your home’s equity without giving up ownership. Learn about eligibility, repayment, tax implications, payout options, and what happens when you sell, move, or pass away. Get answers to the most common Reverse Mortgage questions so you can make an informed decision.
Reverse Mortgage Misconceptions
Many Canadians misunderstand reverse mortgages in Canada, fearing loss of their home or equity. In reality, they can be a safe and effective way for homeowners 55+ to access their home’s value without monthly payments. Learn the key facts that dispel the most common misconceptions.
What Fees Will I Pay with a Reverse Mortgage?
Reverse mortgages have a few key fees to consider, including appraisal, legal advice, and administrative costs. Learn which costs are upfront, which are deducted from your loan, and what you can typically expect to pay before getting started.