Reverse Mortgages

CHIP Home Income Plan for Canadian Seniors

Approved in 10 Minutes


Age 55 or older


Up to 55% of the home value


Tax-free cash


No Monthly Payments

Reverse Mortgages

Many Canadians today are concerned that they will not be able to afford the lifestyle that they would like to have when they retire. One solution that we see more and more people turning to is a reverse mortgage. All you need in order to qualify is to be at least 55 years old and own your own home.

At HouseMoney Financial, unlike other reverse mortgage providers, we are able to make a personal visit to your home to discuss how a reverse mortgage can help you.

For Canadians aged 55+, we have dedicated certified Reverse Mortgage specialists to help you navigate through your retirement cash flows options, which includes a reverse mortgage solution that has seen tremendous growth in popularity with retired Canadians in the last 5 years. Reverse mortgages are a tax-free and payment-free solution that can be used to eliminate high-interest debt, help loved ones, as well as help to fund your retirement years.

Statistics show that over 90% of retired Canadians do not want to downsize and want to remain in their home as long as possible. A reverse mortgage gives you the freedom and control to stay in your home and avoid the costs, stress and emotional impact of downsizing or moving away from family, friends and the community you have been close to for many years.

Unlike other reverse mortgage service providers, we are able to make a personal visit to your home to discuss whether a reverse mortgage solution is right for you. We are here to help!


A reverse mortgage is a loan for up to 55% of the value of your home. It can be paid out in regular tax-free payments to supplement your income; it can be paid in a lump sum; or it can be paid using a combination of these.

One important difference between a reverse mortgage and other types of loans is that it does not have to be paid back on a regular schedule. In fact, as long as you are still living in your home, it does not have to be paid back at all. There are however a few upfront costs such as legal and appraisal fees at the time of application.

A reverse mortgage is only required to be paid by you if you sell your home; or by your estate when you die.The money you receive from the loan can be used for any purpose you choose. Whether you need the money to supplement your income for daily expenses, or you just want to have a little extra so that you can go on nicer vacations - it is completely your choice.Applying for a reverse mortgage does not affect the ownership of your home and you will not be penalized in your Old Age Security or Guaranteed Income Supplement payments.

Is a Reverse Mortgage the Right Choice for You?

At HouseMoney Financial, we offer a number of mortgage solutions including reverse mortgages. If you want to know if this solution is right for you, contact our team today and arrange for a consultation. One of our experts will discuss the benefits and drawbacks of reverse mortgages with you and also show you any other options that you may qualify for.

This way, you can make an informed decision and feel confident that you are getting the right product for your circumstance.

Call HouseMoney Financial Today

You have worked hard to save for your retirement, but unfortunately that isn’t always enough. If you would like to explore whether a reverse mortgage or any of our other mortgage solutions are right for you, call the team at HouseMoney Financial today.

Why should you use a private mortgage company?

At HouseMoney Financial, we are committed to structuring low interest rate financing solutions, for both the short and long term which is often overlooked.  Whether you require a refinance, transfer or switch, a take out of equity or a reverse mortgage, the specialists at HouseMoney Financial are here to help!

Securing a mortgage that is right for your situation can be stressful and in many cases critical towards the achievement of your goals.  At HouseMoney Financial, we specialize in non-traditional lending solutions – it’s what we do.  We understand that with the constant changing of mortgage qualifying guidelines amidst maturing real estate markets in a rising-interest-rate-environment, non-traditional borrowers such as self-employed persons, bruised credit applicants or those on a fixed pension income require the dedicated help of fully committed mortgage professionals - more than ever before.