Process
The Reverse Mortgage Application Process
From first inquiry to funds in your account — everything you need to know about applying for a Canadian reverse mortgage. No surprises, no hidden steps.
The reverse mortgage process in Canada typically takes 3 to 6 weeks from first contact to funding. Every application requires a home appraisal, independent legal advice, and lender approval. These guides walk you through each step so you know exactly what to expect.
Step-by-Step Application Guide
The complete 10-step process from initial inquiry to receiving your funds. Know exactly what to expect at every stage so there are no surprises.
Independent Legal Advice (ILA)
ILA is mandatory for every Canadian reverse mortgage. Learn what it involves, why it exists to protect you, how to find a lawyer, and what it typically costs.
Document Checklist
Everything you need to prepare before your application — government ID, property documents, mortgage statements, and more. Get organized ahead of time to speed up approval.
Application Timeline
How long does a reverse mortgage take from start to finish? A realistic timeline for each step — from initial consultation to funds in your account.
Executor's Guide
A practical checklist for executors and families managing repayment and estate steps after a borrower's death.
Before You Apply
Age, property, and province requirements
Rates, fees, and features side by side
Free calculator with no personal info required
Which lenders are available in your area
Setup fees and closing costs by lender
Definitions for every term you will encounter
Guides for adult children navigating this decision
Checklist for estates handling a reverse mortgage
Ready to Start the Process?
We'll map documents, ILA, and timelines — then help you choose the right lender path.