Retirement on Your Terms
You’ve worked hard to build equity in your home now let it work for you. A reverse mortgage allows Canadian homeowners
aged 55 and older to unlock a portion of their home’s value, tax-free, without selling or moving. Whether you want to
boost retirement income, pay down debt, cover unexpected expenses, or help family, a reverse mortgage can provide the
financial flexibility you need.
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What is a Reverse Mortgage?
A reverse mortgage is a type of loan secured against your home that lets you access up to 55% of its appraised value.
Unlike a traditional mortgage or line of credit:
- You don’t need to make monthly payments (repayment happens when you sell, move, or pass away).
- Funds can be received as a lump sum, monthly payments, or a combination of both.
- You retain full ownership of your home your name stays on the title.
- The money you receive is tax-free and won’t affect Old Age Security (OAS) or CPP benefits.
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Benefits of a Reverse Mortgage
- No Monthly Payments – You don’t need to make regular payments during the life of the loan.
- Stay in Your Home – Continue living in the place you love for as long as you choose.
- Tax-Free Funds – Access money without tax implications, giving you more control over your retirement income.
- Flexible Payout Options – Receive funds as a lump sum, monthly income, or a combination that fits your needs.
- Financial Security – Use your home equity instead of relying on high-interest credit cards or personal loans.
Is a Reverse Mortgage Right for You?
A reverse mortgage could be a great fit if you are:
- 55+ and own your home.
- Want to supplement retirement income without selling.
- Have rising living costs, medical expenses, or debt.
- Looking to give a living inheritance to children or grandchildren.
- Need to cover a divorce payout or big life transition.
Client Story 5: Raj & Meena’s Family Support
Raj, 69, and Meena, 65, wanted to help their son with a down payment on his first home but didn’t want to disrupt their
retirement income.
By using a reverse mortgage, they accessed a portion of their home’s equity without selling or downsizing. They were
able to gift their son the funds for his first home purchase while still keeping their financial security intact. For
Raj and Meena, it was the joy of creating a living legacy while staying comfortable in their own retirement.
Why Choose Mortgage Diligent?
- Since 2007 helping Canadians find smart mortgage solutions.
- Access to top Canadian lenders with the most competitive reverse mortgage rates.
- Personalized advice we’ll explain all your options clearly so you can make the best choice.
- A stress-free process from start to finish, handled by our expert team.
Take the Next Step
You’ve earned peace of mind in retirement. Let us show you how a reverse mortgage can help.
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