FSRA Licensed Brokerage #13672 · Ontario only · This is informational, not a binding offer of credit.
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How Much Could You Unlock?

Enter your age, home value, and any existing mortgage balance. We'll show you a real estimate using the same formulas the lenders use. No email required.

Both spouses on title must be 55+. Use the younger of the two.
A good guess is fine — actual value will be confirmed by appraisal later.
A reverse mortgage must pay off any existing mortgage at closing.
Estimated Net Available to You
$0
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How This Estimate Works

Canadian reverse mortgages are offered by two regulated lenders: HomeEquity Bank (CHIP) and Equitable Bank. Both calculate your maximum loan using:

  • Your age — older homeowners qualify for a higher percentage of their home value (because the expected loan term is shorter).
  • Your home value — based on the lender's appraisal, not your assessment.
  • Your home location — major urban markets typically qualify for higher amounts than rural areas.
  • Property type — detached homes, condos, and townhouses qualify; mobile homes typically don't.

Maximum loan ranges from roughly 15% of home value at age 55 to 55% at age 80+. The estimate above uses a published age-curve average across both lenders.

This is an estimate, not a binding offer. Actual amounts depend on appraisal, location, lender selection, and current rates. Book a call for a personalized quote.