Our 3.99% 6-Mo Fixed is the lowest mortgage rate available in Canada.

Reverse Mortgage

Will a reverse mortgage work for you?

Every Canadian wants (and deserves) a financially secure retirement. If you're considered a senior homeowner, a reverse mortgage can 'unlock' the value in your home without having to sell or move — allowing the funds to be used as you wish for your retirement.

Our experienced True North Mortgage brokers can help you decide if a reverse mortgage makes sense for your situation. We'll spend time with you to understand your needs and go over the details and decisions, so that you can make a clear choice.

We'll also deal with the lenders for you and secure your best rate, for a reverse mortgage process that is convenient and stress-free.

Your best reverse mortgage offering

Over 93% of Canadian homeowners aged 65+ want to retire where they feel most comfortable, in a home they love. We have partnerships with all major Canadian lenders and know the restrictions and regulations to help you find the best lender and product.

A reverse mortgage (commonly known as an equity release), turns a portion of your home equity into a source of cash. The money is tax-free, and doesn't require payment until you decide to move or sell.

Here for you, on your terms.

We proudly offer 11 easy-to-access locations in 6 cities across Canada for convenient in-person appointments. Or, we can come to you, or call at a time that's convenient.

Schedule a call back

Have questions? We're mortgage specialists, but also real people, working hard to provide the best solution for your situation. We understand the importance of outlining all the facts before making a decision, and put you first when dealing with lenders.

Are you eligible for a reverse mortgage?

  • You live in a major urban centre in Canada (certain products are for certain provinces)
  • Your home is your principal residence, meaning you are there for at least 6 months of the calendar year
  • Titleholders of the residence apply as joint borrowers
  • Your home is owner-occupied and not a second home
  • You live in a detached or semi-detached home, condo or townhome
  • You demonstrate the ability to pay for annual property taxes, insurance and condo fees (if not demonstrated, the lender may hold back a portion of the funds, and do a gradual release to ensure that you are making the above-stated payments)
  • The youngest applicant is 55 years old
Interested in learning more? Fill out the quick form below, call us, or visit us at one of our locations.