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Unlock up to 55% of your home’s value tax‑free.
Stay in the place you LOVE, without selling or moving.
Independent Advice
We work for you, not lenders!
Why Use a Reverse Mortgage?
Tax-Free Funds
A reverse mortgage is a loan secured against your home's value that provides tax-free cash without requiring monthly payments.
Keep Your Home
You maintain full ownership and title to your property while accessing up to 55% of the equity all while making no monthly payments.
Regulated & Secure
These are legally regulated financial products offered by established Canadian institutions.
Complete Freedom
Use funds however you choose: debt consolidation, home improvements, healthcare expenses, or enriching your retirement lifestyle.
NOT ALL REVERSE MORTAGES ARE THE SAME
Costs may vary based on property location, complexity, and current promotions. Some lenders offer incentives that can reduce or eliminate certain fees.
The Reverse Mortgage Application Process
Consultation
Initial discussion to assess your needs and explore options
Appraisal
Professional evaluation of your home's current market value
Legal Review
Independent legal advice ensures you understand all terms
Funding
Receive your money as a lump sum or scheduled payments
The entire process typically takes 3-4 weeks from application to funding, with professional guidance every step of the way.
Frequently Asked Questions
Will a reverse mortgage affect my government benefits?
No. Since the funds are considered a loan rather than income, your Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP) benefits are not affected.
What happens if I move, sell, or pass away?
The reverse mortgage becomes due when you sell your home, move out permanently, or upon the passing of the last borrower. At that point, the loan plus accumulated interest must be repaid from the sale proceeds of your home.
Can my family inherit my home?
Yes. Your heirs can choose to repay the reverse mortgage and keep the home, or sell the property to repay the loan and keep any remaining equity. The non-recourse guarantee ensures you'll never owe more than your home's fair market value.
Testimonials
Margaret T., Vancouver
"The reverse mortgage allowed us to renovate our home and stay in the neighborhood we love. The process was surprisingly simple."
Robert & Jean, Halifax
"We paid off our debts and now enjoy retirement without financial stress. Best decision we could have made for our peace of mind."
Madeleine, Toronto
"Since I am a widow and have no one else to depend on, I was totally dependent on Steve and he did not disappoint. He is just so nice!"
Reverse Mortgage Lenders We Work With in Canada
Stephen Balgobind MBA,CLHMA, LLQP
Mortgage Agent Level 2 – Team Leader (Lic. # 10530)
Sr. Insurance Advisor (Lic. # 23216819)
45 Sheppard Ave. E, Suite 211
Toronto, ON
M2N 5W9
M: 647-274-INIT
W:​ www.getinit.ca
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