Profile & estimate
Share age (55+), home value, and address to see an indicative range and next steps.
Reverse Mortgages • Canada
Keep your home. Keep control.
Unlock tax-free cash without selling. Canada-wide support with regional expertise
No credit check • No obligation
Tax-free proceeds you can use for anything
No required monthly mortgage payments
You remain on title; stay in your home
Negative-equity protection when obligations are met
HOW IT WORKS
Simple steps to a tailored solution—no brand comparisons online.
Profile & estimate
Share age (55+), home value, and address to see an indicative range and next steps.
Appraisal
A certified appraiser visits your home to confirm its market value.
Advisor review
A licensed specialist aligns product structure to your goals, budget, and property—zero pressure.
Documents & costs
We prepare paperwork and provide a clear cost summary before you decide.
Independent legal advice
Meet with a lawyer to review terms so everything is understood before you sign.
Funding & support
Receive funds as a lump sum and/or scheduled advances. Optional prepayments may be available.e.
Advisor review
A licensed specialist aligns product structure to your goals, budget, and property—zero pressure.
Appraisal
A certified appraiser visits your home to confirm its market value.
Documents & costs
We prepare paperwork and provide a clear cost summary before you decide.
Independent legal advice
Meet with a lawyer to review terms so everything is understood before you sign.
Funding & support
Receive funds as a lump sum and/or scheduled advances. Optional prepayments may be available.
You remain on title. Keep property taxes/insurance current and maintain the home.
Eligibility at a glance
All borrowers on title are 55 or older.
Sufficient equity based on property value and program criteria.
Property taxes & insurance are current; the home is well-maintained.
Home is your primary residence in Canada
Popular ways homeowners use the funds
Eliminate mortgage or HELOC payments to free monthly cash flow.
Renovations and accessibility upgrades to age comfortably in place.
In-home care, medical, or unexpected expenses.
Debt consolidation to reduce interest costs and simplify payments.
Helping family now with a living inheritance (e.g., down payment).
Creating a rainy-day fund for peace of mind.
See your personalized options in minutes
Answer a few questions and we'll compare multiple lending options side-by-side for you.
Why homeowners choose a reverse mortgage?
No required monthly mortgage payments
Ease cash-flow pressure in retirement. Interest is added to the balance and typically repaid when you sell, move, or the last borrower passes.
Stay in the home and community you love
Access equity without downsizing or taking on a new payment obligation. You remain on title and in control.
Tax-free funds that don’t affect OAS/GIS
Reverse mortgage advances are loan proceeds, not income. Use them for living costs, in-home care, renovations, debt consolidation, or a living inheritance.
Flexible access to funds
Take a lump sum for immediate needs, schedule monthly/quarterly advances, or combine both. Optional prepayments may be available.
Canada-wide coverage, local expertise
Serving Canadians 55+ nationwide: Ontario (Greater Toronto Area, London, St. Catharines–Niagara, Ottawa), BC (Victoria / Sidney / Parksville, Greater Vancouver Area
, Kelwona, ), Alberta (Calgary, Edmonton), Prairies, and Atlantic. We match you with right solution for your needs.
Frequently Asked Questions
Do I keep ownership of my home?
Yes. You remain on title; the lender registers a mortgage charge as security, just like any other mortgage. You can stay in your home as long as you meet basic obligations (property taxes, insurance, and maintenance).
Are reverse mortgage funds taxable, or do they affect OAS/GIS?
Funds are loan proceeds, not income—generally tax-free and do not reduce OAS/GIS. Always confirm with your tax advisor for your specific situation.
How much can I borrow?
Indicatively up to ~55% of your home’s appraised value, influenced by age, property details, and the lender’s criteria. Some programs may allow more case-by-case. We’ll calculate your personalized estimate.
When is the loan repaid?
Typically when you sell, move out (including long-term care), or the last borrower passes away. The balance is repaid from sale proceeds; any remaining equity goes to you or your estate.
Could I owe more than my house is worth?
When obligations are met, negative-equity protection means you won’t owe more than the home’s fair market value at sale.
Can I make payments if I want?
Yes. Most lenders permit optional prepayments—interest and a portion of principal annually—and full payout (prepayment charges and conditions may apply).
BNQ Financial | FSRA License No. 13618
Contact: [email protected] | 833-800-1444