Unlock Your Home Equity with Ease
A reverse mortgage is a type of loan designed for Canadian homeowners aged 55 and over. It allows you to convert up to 59% of your home’s value into cash, with no obligation to make monthly payments. The loan is only repaid when you sell the house, move out permanently, or pass away. You can take the funds as a lump sum or in regular installments and use them for anything you like.
Access up to 59% of your home's value
no sale or monthly payments required.
That’s the power of a reverse mortgage.
Our mission is to empower Canadian seniors to live their retirement dreams. We understand the unique financial needs of retirees and provide personalized solutions to help you achieve a more comfortable and fulfilling retirement.
How much equity you can access?
The amount you can borrow depends on three factors: your age, your home's value, and where you live. Unlike a traditional loan, your income and credit score do not affect how much you qualify for.
Use our reverse mortgage calculator - no personal info required
to see how much equity you can unlock today.
How Is a Reverse Mortgage Different from a HELOC or a Regular Mortgage?
Home Equity
Line Of Credit
Variable rate
Monthly payments required
Full Income requirements
Max loan 65% of home value
Conventional
Mortgage
Variable rate or Fixed rate
Monthly payments required
Full income requirements
Max loan 80% of home value
Could owe more than value of home
Get Expert Advice from a Certified Specialist
A reverse mortgage lets you turn some of your home's value into cash. You must be 55 or older to qualify.
No Monthly Payments
You can receive your money in a few different ways: as one lump sum, in smaller regular payments, or only when you need it.
The money is tax-free, and you keep owning your home.
Simple to Arrange
The process is straightforward. A broker from RetireMyWay can help you step by step. You are protected by a guarantee that you will never owe more than your home is worth.
How You Use the Funds
The money is yours to use for whatever you wish. Common uses include daily expenses, helping family, home updates, or paying off an existing mortgage.
When the Loan is Repaid
The loan is repaid when you sell your home, move out, or pass away. It is usually paid back from the sale of the home. You also have the option to renew the loan if your needs change.
Trusted by Canadian Homeowners
bloom, equitable bank, chip, home trust, Laurentian b, scotia b, td, bmo, manulife, meridian, duca,
take from chip "chip helped us" + the other banks (generic)
Hear It from Our Clients
“RetireMyWay made the process of accessing my home equity simple and stress-free. I highly recommend their services to anyone considering a reverse mortgage.”
Sarah, Toronto
Why Choose RetireMyWay?
Safeguard Your Retirement
Secure Your Financial Future
Empower Your Independence
Experience Peace of Mind
