Education
Learn About Canadian Reverse Mortgages
Canada has five reverse mortgage lenders — HomeEquity Bank (CHIP), Equitable Bank, Bloom Finance, Home Trust, and Fraction. This 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No recycled American content, no outdated information, no sales pressure. Just facts about how Canadian reverse mortgages actually work.
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The internet is full of outdated American misinformation.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 take the next step?
Once you have read through the education articles, these tools and guides can help you move forward:
- Free estimate calculator — see how much you could access from all 5 lenders
- Compare all 5 Canadian lenders — rates, fees, and product features side by side
- Alternatives to a reverse mortgage — HELOCs, downsizing, and other options compared
- Step-by-step application process — what to expect from inquiry to funding
- Reverse mortgage glossary — plain-language definitions for every term you will encounter
- For family members — a guide for adult children of parents considering a reverse mortgage
- Blog & guides — articles on interest rates, condos, aging in place, and more
Ready to See What You Qualify For?
Get a free, no-obligation estimate. Or speak with a licensed broker who specializes in reverse mortgages.