For Families
Guides for Family Members
If your parent is considering a reverse mortgage, you probably have questions. These guides give you the facts — the math, the protections, and how to have the conversation.
What Your Parents Are Considering
If your parent mentioned a reverse mortgage, this guide gives you the facts — not the fear. Written specifically for adult children who want to have a real conversation.
Read guide →Will This Affect My Inheritance?
The math, not the fear. Scenario-based projections showing how home appreciation, loan size, and time interact — and what's typically left for the estate.
Read guide →Family Conversation Guide
What to say, what not to say, and what to ask the mortgage broker. A practical guide for families navigating this decision together — with a pre-decision checklist.
Read guide →What You're Probably Wondering
Will my parents lose their home?
No. Your parents stay on title and retain full ownership. A reverse mortgage is a loan, not a sale. The loan is repaid when they sell, move out permanently, or pass away — and only from the proceeds of the home sale.
Can they owe more than the home is worth?
No. All five Canadian reverse mortgage lenders provide a no-negative-equity guarantee. Neither your parents nor their estate will ever owe more than the fair market value of the home.
What will be left for the estate?
Typically, significant equity remains. Our inheritance impact guide walks through the math with real scenarios — home appreciation on the full value often outpaces interest on the loan balance.
Is a reverse mortgage safe?
Canadian reverse mortgages come with strong consumer protections: mandatory Independent Legal Advice (ILA), no-negative-equity guarantees, and federal regulatory oversight by OSFI. See the myths vs. facts guide for more.
Also Helpful for Families
Have questions about your parents' reverse mortgage?
We're happy to include family members in the conversation. Book a call and we'll walk you through everything together.
Get a Free Reverse Mortgage Consultation
Speak with a licensed broker who works with all 5 Canadian reverse mortgage lenders — no cost, no obligation.