Calculate how much you can borrow against your home equity with a reverse mortgage. Available to Canadian homeowners aged 55+ who want to access their home equity without monthly payments.
Property type affects maximum borrowing amount
Location may impact property valuation and eligibility
You're not required to make any regular mortgage payments until you sell or move out.
Continue to live in and own your home while accessing its equity.
The money you receive is tax-free and won't affect OAS or GIS benefits.
Choose lump sum or regular payments to supplement your retirement income.
$200,000
Maximum amount you can borrow
$500,000
Total equity in your home
40.0%
Percentage of home value you can borrow
$1,167
If not paid, adds to loan balance
Get personalized advice about reverse mortgages and explore all your options with a qualified specialist.
A reverse mortgage allows homeowners aged 55+ to borrow against their home equity without monthly payments. Interest is added to the loan balance, which is typically repaid when the home is sold or the borrower moves out.
Important: The loan balance grows over time as interest accumulates. Consider speaking with a financial advisor to understand how this may impact your estate.