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Canadian Reverse Mortgages

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Get ALL the facts you need about Reverse Mortgages in Canada to see if they’re right for you.

Chris has more than 14+ years experience in Mortgages and he is happy to share some valuable information with you.

Get your FREE Canadian Reverse Mortgages Guide to fully understand everything there is to know about Reverse Mortgages.

Discover real information, hidden costs & fees and all the options out there for you.

This guide will give you the truth and help you make an informed decision.

Please provide your name and the E-mail you would like Chris to send your FREE copy of the Canadian Reverse Mortgage Guide.

Reverse Mortgage Basics

What Is A Reverse Mortgage?

Quick Summary

A reverse mortgage is a special type of loan for Canadians who are 55 years old or older and own a home. It allows you to borrow money based on the value of your home without having to make regular mortgage payments. You can receive up to 55% of your home’s value in cash, and the best part is that the money you receive is tax-free!

With a reverse mortgage, you can stay in your home and don’t have to pay back the loan until you decide to move or sell your home. This can give you financial flexibility and peace of mind.

Reverse Mortgage is specifically designed for Canadians over 55, making it easier to qualify for compared to other loan options. To be eligible, you just need to be a Canadian homeowner who is 55 or older, and the property you own must be your primary residence.

The amount of money you can qualify for will depend on factors like your age, the value of your home, where it’s located, and the type of home you have.

Key Features of a Reverse Mortgage

  • No monthly mortgage payments

  • You Maintain Title Ownership of your Home

  • Only Available to Canadians Age 55 or Older

  • The maximum amount you can borrow is 55%

How Do Reverse Mortgages Work in Canada?

A reverse mortgage is a secure option for Canadian homeowners aged 55 or older to access their home equity and receive tax-free cash, all without having to make regular monthly mortgage payments. This means you can tap into your home’s value without having to move, sell, or downsize.

With a Reverse Mortgage from HomeEquity Bank, Bloom or Equitable Bank you keep ownership of your home and maintain title. You will never be required to move or sell your home, even if your income or home value changes.

We guarantee that the amount you or your estate will have to repay will never exceed the fair market value of your home when it’s sold. Your home should never become a burden for you or your family. If your home’s value increases, you get to keep the appreciation. Just take care of your property and cover the taxes and insurance.

You choose how YOUR money is used

  • Supplement your lifestyle

  • Increase your monthly cashflow

  • Consolidate your debt

  • Buy another property

  • Cover medical expenses

  • Renovate your home

  • Take a well deserved vacation

Does a Reverse Mortgage sound like an option for you?

Fill out my Free Assessment form. It will only take you a minute and you can get some free advice from a licensed Mortgage Agent. My advice is always FREE to you and is part of my services as a licensed professional.

FREE ASSESSMENT

More Reverse Mortgage Information

Canadian Reverse Mortgage Penalties

Read more

Reverse Mortgages – Canada vs. USA

Read more

Canadian Reverse Mortgage Key Features

Read more

Chris Kyrou – Mortgage Agent

Mountainview Mortgage – License # 12568 FSCO License: M13001203

Information You Can Trust

I’ve helped hundreds of clients with their Mortgages and Refinancing journeys. I’ve won multiple awards for all my Mortgage advice over the years. If you are thinking about a Reverse Mortgage, please reach out with any questions you may have. I’m always happy to help.

I work in partnership with reputable Reverse Mortgage specialists like Chip, Equitable Bank and Bloom.

Have Questions? Reach out!

Chris Kyrou – Mortgage Agent | Mountainview Mortgages | 338-4544 Sheppard Ave. East, Toronto, Ontario M1S 1V2
Office Phone: 416 292 9449 | Cell: 647 808 7883 | Email: chris@mountainviewmortgage.ca
Mountainview Mortgage – License # 12568 | FSCO License: M13001203

Chris Kyrou of Mountainview Mortgage works with clients throughout the province of Ontario, including, but not limited to the cities in the GTA, City of Toronto, Markham, Vaughan, Newmarket, Aurora, Richmond Hill, Mississauga, Brampton, Pickering, Oshawa, Halton Hills, Milton, Oakville and Burlington.

The information contained in this website is for general information purposes only. The information is provided by Chris Kyrou of Mountainview Mortgage and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Please reach out to Chris for the best up-to-date rates and savings available.

In spite of what other web sites may say, the only way to quote you the best-available rate that’s accurate for your situation is to let us do a free analysis, then shop the market for you.

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