top of page
Real Mortgage Associates Inc | License # 10464
Real Retirement, Real Freedom
WHAT IS A REVERSE MORTGAGE?
TheReverseMortgage.ca is an educational resource designed to help Canadian homeowners better understand how reverse mortgages work, when they may be appropriate, and what to consider before making a decision.
Rather than promoting products, our focus is on clarity — explaining the structure, costs, benefits, and limitations of reverse mortgages within the Canadian regulatory framework.
A reverse mortgage is a specialized home financing option available to Canadian homeowners aged 55 and older. It allows eligible homeowners to access a portion of their home’s equity as tax-free cash, without the need for regular monthly mortgage payments.
Unlike traditional borrowing, repayment is generally deferred until the home is sold or the estate is settled.
WHAT IS A REVERSE MORTGAGE?
Why Homeowners Explore Reverse Mortgages?
Homeowners often research reverse mortgages when they want to:
Improve retirement cash flow
Eliminate existing mortgage payments
Cover rising living or healthcare expenses
Access home equity without downsizing
Reduce reliance on investment withdrawals
A reverse mortgage is not suitable for everyone, and understanding how it fits into long-term planning is essential.
Understanding Costs, Rates, and Structure
Reverse mortgages in Canada are regulated financial products with defined structures, costs, and consumer protections. Understanding interest rates, fees, and repayment terms is critical before considering any mortgage option.
At TheReverseMortgage.ca, we explain these details clearly — including how interest accrues, what costs to expect, and how penalties work in different scenarios.
An Education-First Approach
This website is designed to support informed decision-making. The information provided here is intended to help homeowners ask better questions, understand terminology, and recognize when professional advice may be appropriate.
Reverse mortgages should be evaluated as part of an overall financial picture — not in isolation.
Explore The Information
If you’re researching reverse mortgages for yourself, a family member, or future planning, we encourage you to explore the educational resources available throughout this site.
bottom of page