Reverse MortgageStay in Your Home.Tax-Free Equity. No Monthly Payments.
Access your home equity without selling. Tax-free funds that don't affect OAS or GIS. No monthly payments required — ever. For homeowners 55+.
Reviews4.9/5
Real Homeowners, Real Results.
5/5
client rated
500+
seniors helped
$0
monthly payments
“I was shopping around to renew my mortgage and refinance. Damien patiently guided me along with rates, and even got me a great rate, with a lender, when my bank was not willing to assist me. So grateful for his help and guidance. 👍”
Renewal
Your Protection. Our Guarantee.
Transparent costs
Rate, fees, legal all disclosed
No-negative-equity
Guaranteed by all major lenders
No obligation
Free estimate, zero pressure
Your Reverse Mortgage Advantage.
Homeowners 55+ — tax-free equity, no monthly payments, no-negative-equity guarantee.
Stay in Your Home
Full ownership & title retained
No-Negative-Equity
Never owe more than home value
55+
age
6.50%*
from
$0
payments
Process
Tax-Free Funds — 3 Steps.
1. Consult
Free assessment
2. Compare
Best lender match
3. Fund
Tax-free cash
FAQs
Reverse Mortgage Questions?
Quick answers for Ontario seniors considering a reverse mortgage.
Yes. You maintain full ownership and the title to your Ontario home throughout. You continue living in it as long as you maintain the property, keep taxes and insurance current, and live in it as your primary residence.
Your Reverse Mortgage Advantage.
Homeowners 55+ — tax-free equity, no monthly payments, no-negative-equity guarantee.
Stay in Your Home
Full ownership & title retained
No-Negative-Equity
Never owe more than home value
55+
age
6.50%*
from
$0
payments
Process
Tax-Free Funds — 3 Steps.
1. Consult
Free assessment
2. Compare
Best lender match
3. Fund
Tax-free cash
Real Homeowners, Real Results.
5/5
client rated
500+
seniors helped
$0
monthly payments
“I was shopping around to renew my mortgage and refinance. Damien patiently guided me along with rates, and even got me a great rate, with a lender, when my bank was not willing to assist me. So grateful for his help and guidance. 👍”
Renewal
Your Protection. Our Guarantee.
Transparent costs
Rate, fees, legal all disclosed
No-negative-equity
Guaranteed by all major lenders
No obligation
Free estimate, zero pressure
FAQs
Reverse Mortgage Questions?
Quick answers for Ontario seniors considering a reverse mortgage.
Yes. You maintain full ownership and the title to your Ontario home throughout. You continue living in it as long as you maintain the property, keep taxes and insurance current, and live in it as your primary residence.
Get Your Reverse Mortgage Estimate
Takes under 60 seconds
Stop Draining Retirement Savings
Your home equity can fund your retirement — without selling, moving, or making monthly payments.
The Old Approach
Selling or Depleting Savings
The Reverse Mortgage Way
Access Equity — Stay Home
A Better Retirement Starts With Your Home
Stay in Your Primary Residence
A reverse mortgage lets you access your home equity without selling your home. You maintain full ownership and title. The home must be your primary residence — at least 6 months per year.
No Regular Payments Required
Unlike a traditional mortgage, you are not required to make any regular payments. Interest is added to the loan balance over time. Repayment is due only when you sell, move out, or the last borrower passes away.
Tax-Free Funds That Protect Your Benefits
The funds you receive are not considered taxable income and will not affect your OAS or GIS benefits, according to the Financial Consumer Agency of Canada.
No-Negative-Equity Guarantee
All major Canadian reverse mortgage providers offer a no-negative-equity guarantee. You or your estate will never owe more than the fair market value of the home.
Designed for Canadians 55 and Older
Reverse mortgages are available to homeowners aged 55+. You may borrow up to 55% of your home's appraised value — income and credit are not the primary factors.
Licensed, Regulated & Transparent
We're a fully licensed brokerage regulated by FSRA (#13763). All costs are disclosed upfront and we recommend independent legal advice before you commit.
Flexible Payout Options
Receive your funds as a lump sum, regular monthly payments, or a split of both. You choose the format that fits your retirement income needs.
No Income or Credit Qualification Required
Your credit score and current income do not determine approval. Your age and the equity in your home are the primary factors.
Use the Funds for Any Purpose
There are no restrictions on how you use your reverse mortgage proceeds. Pay off debt, renovate, supplement cash flow, or help family.
Your Path to Tax-Free Funds in 4 Steps
No income or credit requirements. Independent legal advice included. A clear, respectful process designed with seniors in mind.
STEP 01
Free Consultation
Tell us your age, property details, and goals. We'll explain all your options clearly — including whether a HELOC, downsizing, or reverse mortgage is the best fit.
STEP 02
Home Appraisal & Eligibility
We arrange a professional appraisal and assess eligibility based on your age, home value, type, and condition — not your income or credit score.
STEP 03
Compare Lender Offers
We compare rates, terms, and payout structures from all major Canadian reverse mortgage providers to find your best option.
STEP 04
Legal Advice & Funding
You receive independent legal advice before you sign anything. Once complete, your tax-free funds are released exactly as chosen.
STEP 05
Family & Estate Discussion
We help you communicate the impact on your estate planning and recommend involvement of a financial advisor or estate lawyer.
STEP 06
Annual Review & Ongoing Support
Every year we check in to ensure your reverse mortgage still serves your evolving goals.
Ages 55+ Welcome
Designed for Canadian seniors
No Monthly Payments
Zero required payments
Tax-Free Funds
OAS & GIS unaffected
Up to 55% LTV
Access your home equity
Your Protection Is Our Priority
FSRA Licensed #13763
Regulated by the Financial Services Regulatory Authority of Ontario.
100% Transparent Pricing
Every rate, fee, and cost is disclosed upfront before you commit.
No Obligation to Proceed
Get your free quote with zero pressure.
Your Data Stays Private
Your personal information is encrypted, never shared with third parties.
We Put It in Writing
These aren't just promises — they're commitments backed by our FSRA-licensed brokerage.
Best Terms Commitment
We compare all major Canadian reverse mortgage providers to find you the best combination of rate, payout structure, and flexibility.
Speed Commitment
Pre-approval within 24 hours or we'll prioritize your file for same-day review.
No Hidden Fee Commitment
Every cost is disclosed in writing before you sign.
Best Comparison
We compare every major Canadian reverse mortgage provider to ensure the most favourable rate and payout structure.
Ontario Reverse Mortgage — Every Question Answered
Everything Ontario seniors 55+ need to know about reverse mortgages — rates, eligibility, costs, lenders, and estate impact — answered clearly and honestly.
A reverse mortgage in Ontario is a loan for homeowners aged 55 or older that lets you borrow money from your home equity without selling your home. You convert a portion of your home equity into tax-free funds. You are not required to make any regular payments.
As of 2026, Ontario reverse mortgage rates start from 5.59% for a lump sum product through HomeEquity Bank (CHIP) or Equitable Bank. Regular payment products start from 5.99%.
Yes. You maintain full ownership and the title to your Ontario home throughout the life of a reverse mortgage.
No. With a reverse mortgage, you are not required to make any regular monthly payments. Interest is added to the loan balance over time.
You may borrow up to 55% of the current appraised value of your Ontario home. The exact amount depends on your age and property details.
No. According to the FCAC, the money you receive from a reverse mortgage is not considered taxable income and does not affect your OAS or GIS benefits.
Costs may include: a home appraisal fee ($300–$500), setup or administration fees, legal fees ($1,000–$2,000), closing costs, and prepayment penalties if you pay off early. All costs are disclosed in writing before you commit.
Options: (1) a lump sum — from 5.59%, (2) a partial lump sum upfront with the rest drawn over time, or (3) regular scheduled payments (~$1,000/month or ~$3,000/quarter) — from 5.99%.
No. All major Canadian reverse mortgage providers offer a no-negative-equity guarantee.
When you sell your home, move out permanently, the last borrower passes away, or you default on mortgage conditions.
You must be 55+ and own a home that is your primary residence. Income and credit score are not the primary qualification factors.
Your estate must repay the balance (principal plus accumulated interest) within a set period. This may mean less equity remains for beneficiaries.
Yes — and in Ontario, your lender may require it. We facilitate independent legal referrals as part of every reverse mortgage we arrange.
Request Your Free Estimate
Takes under 60 seconds
Legal
Important Disclosures
Rates & Eligibility
Reverse mortgage rates shown are for illustrative purposes only and are subject to change without notice. Actual rates depend on your age, property type, location, and lender. Eligibility requires homeownership aged 55+ with property as primary residence. Independent legal advice is recommended before committing.
FSRA Licensed Brokerage
lendsimpl is a licensed mortgage brokerage (FSRA #13763), operating under the Mortgage Architects network. We compare reverse mortgage options from federally and provincially regulated lenders including HomeEquity Bank and Equitable Bank.
This page is for informational purposes only and does not constitute a mortgage offer or legal advice. Consult a financial advisor and lawyer before proceeding.
Ontario-Wide Service
Reverse Mortgages — Serving All of Ontario
lendsimpl arranges reverse mortgages for Ontario seniors 55+ across the entire province — Greater Toronto Area (Toronto, Mississauga, Brampton, Markham, Vaughan) to Hamilton, Ottawa, London, Kingston, Barrie, and beyond.
Not seeing your city? We serve every Ontario community. Call (416) 299-6096 or email hello@lendsimpl.ca to confirm coverage in your area.