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Rewind - Reverse Mortgage in Canada
Use your home equity to pay yourself back for once.
You've earned it.
Access up to 55% of the Value of Your Home.
DID YOU KNOW that Nearly All Reverse Mortgage Borrowers actually continue to see the equity in their home go up?
That's Because 100% Of The Value Of A Home Historically Rises Faster Than The Interest On The 55% LTV (or usually less) Loan On Your Home.
This is especially so if you are just taking a modest monthly allowance while 100% of your home is appreciating.
This isn't by accident. Canadian Reverse Mortgage products are responsibly designed that way.
This TRUTH contrasts the persistent myths that have held many people back from a happier & better quality of life.
Explore How Thousands of Canadians Have Improved Their Quality of Life. Read Our Free Resources or Contact Us To Find Out More.
Calculate What You Might Qualify For Now !
We can also provide you with info. on...
'No Payment' Mortgages For Those Under Age 55?
Intended Use - Five-Year Break From Mortgage Payments.
Perfect in Certain Situations - New Child, Career Break, New Business, Work Layoff, Illness...
Contact For Details!
Unlock tax-free cash without moving or selling—no monthly mortgage payments!
Access Your Equity To Stay In The Home You Love!
A Reverse Mortgage, designed for Canadians aged 55 and older, offers access to your home's equity in tax-free cash. With NO regular mortgage payments required, repayment only happens when you move or sell, or after the last homeowner passes away.
Income Supplement
Supplement your income with a reverse mortgage to cover rising property and living costs, including potential home care expenses for yourself or a loved one.
Flexibility
Use tax-free cash however you want to: living inheritances, lifestyle, pay off debt, medical needs, renovations, or vacations. It doesn't affect pension or income taxes.
Repayment
No repayment is needed while living in the home (but you can make payments if you want to). Upon sale, the remaining equity goes to homeowners or the estate.
Home Value
Rather than selling your home only to pay high costs to rent or stay in a retirement facility, keeping your home allows you (and your heirs) to benefit from any future property value gains.
Accessing Your Money
Choose how you access your funds – all at once as a lump sum, regular deposits right to your bank account or future ad hoc withdrawals.
You don't have to take it all at once.
Transparent
We charge no fees to help you apply for a Reverse Mortgage. We provide info. to and our licenced brokerage arm will help arrange the most suitable product for your needs. No gimmicks or hidden fees.
"How Do I Know If I Qualify?"
Take just one minute to fill in our confidential Free Estimate Form.
The process is simple, your information is secure, and the application is free.
To determine the amount of tax-free cash you qualify for, call (289) 312-6333 to speak with a licenced broker and a reverse mortgage specialist.
Click Here to have a licenced Agent help you determine your eligibility and available equity.
Review your Estimate, ask questions, then set a date when you would like to proceed.
Don't worry! Before you sign a mortgage agreement Independent Legal Advice is mandatory for all applicants through ALL Reverse Mortgage Institutions to ensure you understand everything.
What Our Customers are Saying About Us
"We didn't realize that we really had no idea what a Reverse Mortgage was until it was all explained to us.
What a fantastic product! It changed our lives for the better."
Carole & Robert O.
★★★★★
Thanks to Peter Fabry, we upgraded our home with a reverse mortgage, avoiding the need for a care home. Peter's expertise and personalized approach made the process seamless. Highly recommended for seniors seeking financial freedom while aging in place!
Marcel L.
★★★★★
Grateful for Peter Fabry and all his help! It's been a lifesaver, supplementing our income and allowing us to travel during retirement. With the rising cost of living, Peter's guidance made the process easy and stress-free. Highly recommended!
Sit back, relax, and let us find the best product for you.
Discover the positive impact of reverse mortgages tailored for those who need financial support.
Our licensed mortgage Agents not only specialize in the numerous reverse mortgage products but also double-check your eligibility for regular institutional mortgages or home equity lines of credit.
Increase Your Financial
Freedom With A Reverse Mortgage
Don't just survive: Thrive! . Whether it's affording help in your home, keeping up with the cost of living, traveling, renovating your home, or assisting your children with a down payment, reverse mortgages offer financial flexibility.
Once you dispel the myths you see that a Revere Mortgage is essentially a 'Home Pension Plan'. You invest money into your home for years, it grows in value over time and you can withdrawal equity from it when you retire.
Frequently Asked Questions
Canadian reverse mortgages are different. They are designed so that you (and your estate) always maintain ownership of your home.
Learn more about what is known as the "No Negative Equity Guarantee": never owe more than your home is worth.
What is a Reverse Mortgage?
Reverse Mortgages allow Canadian homeowners to convert a portion of their home's value into tax-free cash, with no regular mortgage payments until they move or sell or the last homeowner passes away.
Unlike regular mortgages or even Home Equity Lines of Credit where you must normally qualify on a higher income and credit threshold, with reverse mortgages qualifying is more straightforward, making it a more accessible option for older homeowners. Generally, you need to show that you can keep up with property taxes, condo fees and home insurance.
Are there any costs for a reverse mortgage?
The expenses associated with a reverse mortgage depend on its type. These may involve lender fees, charges for independent legal advice, and the cost of a home appraisal.
We do not charge fees. The brokerage is paid by the lender just like any other commissioned salesperson. The benefit of using our brokerage is that we help you choose the best lender and the right product from the numerous products available in Canada today.
What are the interest rates for a Reverse Mortgage in Canada?
Rates vary based on the product you choose and your qualifying lender. For example, if you want more money upfront the rate might be different than if you want money spread out each month over time.
During the approval process a Mortgage Specialist will fully explain interest rates, fees ensuring transparency & no hidden costs. For a quick overview, fill in your contact information and you can normally be provided with a quote within 24 hours.
How old do I have to be for a Reverse Mortgage in Canada?
To qualify for a reverse mortgage in Canada, factors considered include your age, being a Canadian homeowner, the location and type of home, the appraised value, the home's condition, and the amount of home equity.
How do I apply for a Reverse Mortgage?
The process is straightforward and convenient! Provide basic information, including your home's approximate value, type, address, and age and gender.
To initiate the reverse mortgage application process, simply fill out our Free Estimate Form online or call us at (647) 499-8574 to speak with a reverse mortgage specialist to apply over the phone.
When and how do I repay my Reverse Mortgage?
Reverse Mortgages offer the flexibility of no regular payments until you move or sell your home or the last homeowner passes away. However, you can make payments if you want to, so that interest doesn't accrue.
Repayment, including the borrowed amount & accrued interest, can be done at any time, potentially incurring a prepayment charge. Typically, customers use proceeds from selling their homes to settle the reverse mortgage.
Rewind Mortgage © All Rights Reserved. *Brand, website & social media presence owned by our affiliated FSRA Lic. Mortgage Brokerage #13336 o/a 'Broker It!', to inform & provide information specific to those 55+. This is an information website. For mortgage advice you will be contacted by a licenced Agent from our own owned brokerage, and your information will not be sold or shared without your consent. Restrictions may apply. Subject to credit approval. By submitting your information you consent to us contacting you by text, email, or phone