Reverse Mortgages in Kingston

Why Kingston Homeowners Are Looking at Reverse Mortgages

Kingston's lakefront and downtown neighbourhoods have many long-term homeowners, including military and university retirees.

For homeowners aged 55+ in Kingston, a reverse mortgage offers a way to access this equity tax-free, without selling, moving, or making monthly payments — while continuing to live in the home you love.

What You Could Qualify For in Kingston

Based on the typical Kingston home value of approximately $650,000, here's a rough estimate of what homeowners might qualify for at different ages:

• Age 60: approximately $156,000 to $195,000
• Age 70: approximately $273,000 to $312,000
• Age 75: approximately $312,000 to $344,500
• Age 80+: approximately $357,500 (cap at 55%)

For your specific situation, use the free calculator or book a 15-minute call.

How Kingston Homeowners Use Reverse Mortgage Funds

• Eliminating an existing mortgage to free up monthly cash flow
• Funding home renovations to age in place comfortably
• Helping adult children with their first home down payment
• Supplementing retirement income to maintain lifestyle
• Covering healthcare or in-home care costs
• Paying off high-interest debt (credit cards, lines of credit)
• Travel, family time, and quality of life expenses

Local Service, Ontario-Wide Reach

EquityFreedom.ca is operated by The Cornerstone Mortgage Group Inc., FSRA-licensed in Ontario (Brokerage #13672). We work with both Canadian reverse mortgage lenders — HomeEquity Bank (CHIP) and Equitable Bank — to find the best fit for your specific situation in Kingston.

Consultations happen by phone or Zoom. No need to travel or take time off — your free 15-minute call can happen on your schedule, from your kitchen table.

If you're considering staying in your current home long-term, you may also want to read what residents say about your neighbourhood — and if you have grandchildren, check the local school rankings.