Reverse Mortgage Education Hub
Canada has four reverse mortgage lenders — HomeEquity Bank (CHIP), Equitable Bank, Bloom Finance, and Home Trust — plus Fraction as an alternative equity-sharing product. No government program, no FHA equivalent, no hundreds of competing banks. Just four reverse mortgage companies, each with different products, rates, and availability.
This education hub covers everything you need to make an informed decision. Every article is written specifically for the Canadian market — no recycled American content, no outdated information, no sales pressure.
What Is a Reverse Mortgage in Canada?
Understand how reverse mortgages work in Canada, who offers them, and why the Canadian product is fundamentally different from the American version.
How Reverse Mortgages Work in Canada
The mechanics of borrowing against your home equity — lump sum vs. scheduled payments, semi-annual compounding, and what triggers repayment.
Canadian Reverse Mortgage Eligibility
Age requirements, property types, province-by-province lender availability, and why income and credit scores don't matter.
8 Myths vs. Facts About Reverse Mortgages
The internet is full of outdated American misinformation. Here are 8 common myths about Canadian reverse mortgages — and the facts that debunk them.
Pros and Cons — The Honest Canadian Picture
A balanced, unbiased assessment of reverse mortgage advantages and drawbacks so you can decide if it makes sense for your situation.
Taxes, OAS, GIS & CPP — What Actually Happens
The most important page for retirees on fixed income: reverse mortgage proceeds are a loan, not income — and do not affect your government benefits.
Impact on Your Estate & Heirs
Detailed projections showing what your heirs actually inherit — with scenarios for 5% and 2% home appreciation over 10, 15, and 20 years.
Ready to See Your Numbers?
Compare estimates from all Canadian lenders — no personal information required, no obligation.
See Your Estimate