If you're 55 or older and own your home in Northern Ontario, you may be able to access up to 55% of its value as tax-free cash — with no monthly payments required. You stay in your home. You keep ownership. I'll walk you through whether it makes sense for your situation, honestly.
Matthew will review your information and reach out within 2 business hours to walk you through your options.
The exact amount depends on your age, home value, and location — but here's the general picture for eligible homeowners.
A reverse mortgage is a structured, regulated product — here's what the process looks like from start to finish.
We confirm your age, home value, location, and any existing mortgage balance. This determines how much you can access — generally up to 55% of appraised value, with older applicants and higher-value homes qualifying for more.
This isn't right for everyone, and I'll tell you plainly if it isn't. We talk through your goals — supplementing income, paying off debt, funding home modifications — and whether a reverse mortgage is the best tool, or if something else fits better.
If it's the right fit, I match you to the lender and structure — lump sum, scheduled advances, or a combination. Funds are tax-free and don't affect OAS or GIS. You stay on title and in your home throughout.
You stay on title and retain full ownership of your home. The lender never takes possession. You can sell whenever you choose, on your own terms.
This is not free money. Interest builds on the loan balance, and that balance is repaid from the proceeds when the home is eventually sold — by you, or by your estate.
There is never a requirement to repay more than the home's fair market value at the time of sale. Any remaining equity after the loan is settled goes to you or your estate.
A reverse mortgage lets homeowners 55 and older access up to 55% of their home's value as tax-free cash, with no monthly payments required. You stay in your home and keep ownership. Interest accrues over time, and the loan is repaid when you sell, move, or pass away — from the sale proceeds.
No. You keep full ownership and stay on title for as long as you own the home. The lender does not take possession. You can live in the home, sell it whenever you choose, or pass it to your estate — the loan balance is simply settled from the proceeds when the home is eventually sold.
Typically up to 55% of your home's appraised value, depending on your age, the property's value and location, and your existing mortgage balance (if any). Older applicants and higher-value homes generally qualify for a larger percentage. We calculate your specific number during a free consultation.
No. Funds from a reverse mortgage are tax-free, since they are loan proceeds rather than income. They also do not affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) eligibility, which makes this different from withdrawing from an RRSP or RRIF.
The loan balance — principal plus accrued interest — is repaid from the proceeds of the home sale. Any remaining equity goes to you or your estate. There is never a requirement to pay more than the fair market value of the home at the time of sale, regardless of how much the loan has grown.
Yes. A reverse mortgage can be used to pay off an existing mortgage or other secured debt as part of the transaction, which often eliminates a monthly payment you're currently making. The remaining equity, if any, can be taken as a lump sum, scheduled advances, or a combination.
No obligation. Get a clear, honest answer about whether a reverse mortgage fits your situation — directly from Matthew, same day in most cases.
Free, no-obligation review. I'll give you a straight answer on whether a reverse mortgage fits your situation.
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