Reverse Mortgages Canada

Borrow money from  your home equity, without selling or having to move out, with a Reverse Mortgage in Canada.

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What Is A Reverse Mortgage?

A reverse mortgage allows homeowners to borrow money against the equity in their home without to make mortgage payments.

Some people also call this "Equity release".

You can borrow up to 55% of your current home value.

Your age and home location and value, will determine how much you can borrow.

The reverse mortgage comes due when you move out your home, the last borrow dies or you sell your home.

The Benefits of Reverse Mortgages

There are many benefits to how a reverse mortgage works, here are some of them.

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No Monthly Payments

The balance becomes due when the last homeowner passes away or moves from the home.

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Friendly Interest Rates

Reverse mortgage rates are reasonable and friendly, and it is simply added to the outstanding balance.

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Don't Need To Sell Your Home

When you take a reverse mortgage you can stay in your own home for life.

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Tax Free Cash

The money you get from a reverse mortgage is tax free cash. You don't need to worry about any unexpected taxes.

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Doesn't Effect OAS or GIS

The money won't affect the Old-Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits if you are receiving them.

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Use The Money How You Like

Use the money to pay off debts, do home repairs, cover healthcare or use it to help with your bills.

Are You Eligible For A Reverse Mortgage?

To meet the requirements for a reverse mortgage you must be:

  • At least 55 years old.

  • A homeowner

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What If The Mortgage Owing Is Higher The Value Of My Home?

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You'll never owe more than your home's market value.

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We will review with you all of the Home Equity Lender's guarantees before you sign.

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Stay in your home for life.

Applying For A Reverse Mortgage?

First, we need to know a little bit about you.

We can then tell you how much of the equity in your home can access. Possibly up to 55% of the value of your home.

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Our Process - 4 Simple Steps

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1. Get In Touch With Us.

You can call, book a Zoom meeting or fill out our secure application online.

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2. How Much Equity Can You Access?

Your application will be examined and we will contact you to discuss your application and together we will determine the best financial solution for you and your spouse.

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3. Multiple Reverse Mortgage Lenders and Options.

As your mortgage broker, we will contact all the lenders to determine who will give you the best rate and the lowest fees.

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4.Equity Unlocked

You'll complete the papers with a lawyer's assistance, and money will be paid into your bank account.

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What Are You Waiting For?

Contact us to start your reverse mortgage application today!

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© 2022 Axiom Mortgage Solutions
1425 Ellis St, Kelowna, BC V1Y 2A3, Canada