Reverse Mortgages 
Unlock the Value of Your Home Without Selling
If you’re 55 or older and own your home, a reverse mortgage can give you access to the equity you’ve built, without requiring you to sell or move. A reverse mortgage allows you to convert up to 55% of your home’s value into tax-free cash. It’s a flexible solution designed to help Canadian homeowners enjoy retirement with more financial freedom.
At Niche Mortgages, we guide you through every step of the process. Whether you want to pay off debts, supplement your retirement income, or help your children financially, we help you determine if a reverse mortgage aligns with your goals. You continue to own your home, maintain title, and receive funds in a lump sum or in installments.
Benefits of a Reverse Mortgage
We work with a wide range of lenders and reverse mortgage providers to secure competitive rates and terms tailored to your needs. Our team is here to answer your questions and make sure you understand the pros and cons, including interest costs and repayment obligations.
Take advantage of the home you’ve invested in. Let us show you how a reverse mortgage can work for your future.
- No monthly mortgage payments required
- Tax-free funds that don’t affect government benefits
- Flexible payment options (lump sum, installments, or both)
- Remain the owner of your home
- Use the funds however you choose
Who Qualifies for a Reverse Mortgage and How Can You Use the Funds?
To qualify for a reverse mortgage in Canada, you must be at least 55 years old and own your home, which must be your primary residence. The property also needs to meet specific lender eligibility requirements. Once approved, the funds from a reverse mortgage can be used in a variety of ways to support your financial goals. Many homeowners use the money to supplement their retirement income, pay off high-interest debts, renovate their home for improved comfort or accessibility, assist family members with education or home purchases, or cover healthcare expenses. Because the funds are tax-free and don’t impact government benefits, they offer flexible financial support during retirement.
Ready to Explore Your Options?
Book a consultation with Niche Mortgages today. We’ll help you understand how a reverse mortgage can fit into your retirement plan.
Reverse Mortgage Frequently Asked Questions
Thinking about a reverse mortgage but not sure how it works? You’re not alone. Here are answers to some of the most common questions we get from homeowners curious about using their home equity in retirement. Whether you’re wondering about eligibility, costs, or repayment, we’ve got you covered.
Call us nowNot necessarily. It’s best suited for homeowners who want to stay in their home long-term and need access to funds without selling or downsizing.
Yes. You remain the owner of your home and keep the title. The loan is repaid when you sell the home, move out permanently, or pass away.
The loan, plus accumulated interest, is repaid from the proceeds of the home sale. Any remaining equity goes to you or your estate.
No. The funds from a reverse mortgage are not considered income and do not affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits.
Yes, interest rates are typically higher than traditional mortgages. However, there are no regular payments required, and repayment is deferred.
Have Questions? Get in Touch with Our Team!
If you need expert advice or have any questions, contact us today. We're here to help with all your mortgage needs.
Vancouver Mortgage Solutions