Reverse Mortgages in Ontario

Reverse Mortgages in Ontario:

Unlock Your Home’s Equity with Confidence

Reverse mortgages are only offered to homeowners aged 55 or over in Ontario. With a home equity loan, you can get the money from your home’s equity without selling, and you won’t have to pay monthly bills. We help our clients by outlining how reverse mortgages work and guiding them as they decide if it is a good option for them.

Understanding Reverse Mortgage Rates

Choosing the interest rate is part of the process when getting a reverse mortgage. Reverse mortgage rates are not the same from every lender. Your age, how much you borrow, and the home’s value help determine your interest rate. There are no stated monthly payments when you have a reverse mortgage. Your payment is linked to the current value of your house. You don’t have to pay the loan back until you leave your house, sell it, or die. We ensure your rates at Chausse Mortgages are straightforward and fair because we team up with dependable lenders.

Benefits of Reverse Mortgages in Ontario

Reverse mortgages offer several benefits for seniors:

No monthly mortgage payments, which means less financial stress.

The money can be put toward home improvement, medical costs, trips, or other things important to you.

You keep living in your house, and your title doesn’t change.

These kinds of benefits, OAS or GIS, are not something the government can use in its decision.

Our team makes sure you understand how the loan works, including how interest adds up and when repayment is due.

Empower

Our Partners

We’ve teamed up with over 50+ top-notch lenders to make sure you get the most competitive rates and best products on the market. We promise, you won’t be disappointed!

Personal Support Every Step of the Way

Choosing a reverse mortgage is a massive selection. That’s why we guide you through each step. We start by checking in case you qualify, then explain all of the information about costs and reimbursement terms. We want to help you discover the fine option in your financial safety and peace of mind.

Contact Chausse Mortgages today to research more about reverse mortgages in Ontario. We’ll show you the way to use your house’s fairness to benefit greater economic freedom. Our team is here to offer advice that’s proper for your state of affairs.