Unlock Home Equity Without Selling

A reverse mortgage allows Canadian homeowners aged 55 and older to access up to 55% of their home’s value in tax-free funds while continuing to live in their home. Unlike a traditional mortgage, no monthly payments are required. The loan is repaid only when the home is sold or the homeowner moves out or passes away. This makes reverse mortgages an attractive option for retirees looking to supplement their income, cover medical expenses, assist family members financially, or enjoy their retirement lifestyle more fully. If you're ready to unlock the equity in your home while staying comfortably in it, reach out to us at Mortgages by Erin and let’s talk about how a reverse mortgage could work for you.