Question 1

How does this reverse mortgage lender quiz work?

Accepted Answer

The quiz asks 5 questions about your province, property location, funding preferences, priorities, and time horizon. Based on your answers, it recommends the best lender and product from Canada's 3 reverse mortgage lenders: CHIP (HomeEquity Bank), Equitable Bank (Flex), and Bloom Finance. No personal information is collected or stored.

Question 2

Is my personal information collected during the quiz?

Accepted Answer

No. The quiz runs entirely in your browser. No personal information is collected, stored, or transmitted. Your answers are not saved after you close the page. This is a free educational tool designed to help you understand your options.

Question 3

Can the quiz guarantee which lender will approve my application?

Accepted Answer

No. The quiz provides a recommendation based on general eligibility criteria and product features. Actual approval depends on factors like your specific age, home value, property location, and the lender's underwriting assessment. We recommend speaking with a licensed mortgage broker who can submit applications to all four lenders on your behalf.

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