Reverse Mortgage Canada
Unlock Home Equity. Stay in Your Home. Live Retirement with Freedom.
Reverse Mortgage Expert
What is a Reverse Mortgage?
A CHIP Reverse Mortgage allows Canadian homeowners aged 55 and older the ability to access up to 59% of the value of their home—without having to make any monthly mortgage payments.
- No monthly payments required
- You stay in your home—ownership remains in your name
- Repayment only happens if you sell, move, or pass away
You can receive the funds all at once or in smaller instalments, and the best part—everything you receive is completely tax-free and can be used however you choose:
✔ Pay off debt
✔ Supplement retirement income
✔ Support family or ministry
✔ Renovate, travel, or simply breathe easier financially
Are you experiencing this?
- Rising living costs but fixed income?
- Mortgage or debt still weighing you down?
- Want to retire fully without selling your home?
- Want financial freedom — but don’t want monthly payments?
Is This Right for You? Here’s Who We Help
Ideal for those who want extra retirement income, travel funds, or debt relief—while keeping full ownership and control of their home
Why Choose Kingdom Mortgage?
We make reverse mortgages easy, safe, and stress-free.
✔ Special access to lower interest rates
✔Higher approval amounts compared to banks
✔ Save up to $500 in setup costs
✔ 25+ years of experience helping seniors retire better
How It Works
Simple 4-Step Process Agent?
1. Speak to an Expert
Free, no-obligation consultation.
2. Choose How You Receive Funds
Lump sum, monthly deposits, or as-needed.
3. Sign Your Documents
We handle everything and guide you through.
4. Enjoy Retirement
Stay in your home. No payments. Tax-free funds for life.
How a Reverse Mortgage Really Works — And Why Seniors Love It
You’ve spent years paying for your home. Now, your home can finally start paying you back.
A CHIP Reverse Mortgage lets Canadian homeowners 55+ unlock up to 59% of their home’s value—without selling, downsizing, or making monthly payments.
Simple Process. Powerful Results.
1.
You Apply — No Income or Credit Stress
Your approval is based on your age and the value of your home, not your income or credit score. Even if you still have a traditional mortgage, you can still qualify.
2.
Your Home is Appraised Professionally
A certified appraiser determines the current market value of your home to calculate your eligible loan amount.
3.
Receive Your Money — Tax-Free
You choose how you receive it:
✔ Lump sum
✔ Monthly income
✔ Or whenever you need it—like a retirement safety net
Why Seniors Choose a CHIP Reverse Mortgage
Benefit
No Monthly Payments
Keep Your Pension & Benefits
Tax-Free Funds
Still Own Your Home
Never Owe More Than Your Home’s Value
What It Means for You
You don’t pay anything as long as you live in your home.
Your government income (CPP, OAS, GIS, etc.) stays untouched.
Every dollar you receive is yours to keep—no tax deductions.
You remain on the title, and can stay as long as you wish.
The loan is designed to protect you and your estate.
Comparing the able and the Reverse Mortgage standing out
| Feature / Type of Mortgage | Home Equity Line of Credit (HELOC) | Reverse Mortgage | Conventional Mortgage |
|---|---|---|---|
| Interest Rate Options | Variable rate | Variable or fixed rate | Variable or fixed rate |
| Monthly Payments Required | ✅ Yes | ❌ No | ✅ Yes |
| Income / Credit Requirements | Full income & credit required | Light income & credit | Full income & credit |
| Maximum Loan Amount | Up to 65% of home value | Up to 59% of home value | Up to 80% of home value |
| When Loan Is Repaid | Monthly payments required immediately | When you sell, move, or pass away | Monthly payments start immediately |
| Can You Owe More Than Home Value? | Yes | No – never owe more than home value | Yes |
| Minimum Age Requirement | None | 55+ only | None |
| Ownership of Home | You keep ownership | You keep ownership | You keep ownership |
Frequently Asked Questions (FAQ)
1. Can I get a reverse mortgage if I already have one?
Yes. Your existing mortgage is paid off first. You keep the rest.
2. Can I use a reverse mortgage to buy a home?
Yes. And with RetireBetter, you can borrow up to 65%, not just 59%.
3. Is there a maximum age to apply?
No. The older you are, the more you receive.
4. What if my children live with me?
You qualify as long as children are not listed on the home title.
5. When do I have to pay it back?
Only when you sell, move out permanently, or pass away.
The Complete Guide to Reverse Mortgages in Canada
Learn everything you need to know — eligibility, risks, protections, myths, payout options and how to get approved.
