Toronto Reverse Mortgage

Reverse Mortgages for Canadians

Thousands of Canadians are using a reverse mortgage as part of their retirement solution. Reverse mortgages are purpose-built for Canadians 55+ allowing homeowners to turn the equity in their home into tax-free cash.

couple enjoying

What can I use a reverse mortgage for?

A reverse mortgage frees up equity that is tied up in the value of a home to allow borrowers to enjoy their retirement on their terms. A reverse mortgage can be used to pay off existing debts (including mortgages) to improve cash flow, purchasing a trip of a lifetime, helping grandchildren with tuition, or even supplementing retirement income with tax-free cash.

How do I qualify for a reverse mortgage?

In order to qualify for a reverse mortgage, you need to be 55 or older and own a home with equity. Unlike a traditional mortgage or line of credit, the qualification is not dependant on your income or credit score. 

Based on your age and location you can free up to 55% of the value of your home via a reverse mortgage. There are never any mortgage payments required until you sell your home or the last surviving applicant passes away.

mortgage meeting
reverse mortgage

We are your Reverse Mortgage specialist

At Tridac Mortgage we are certified Canadian Home Income Plan (CHIP) reverse mortgage advisors and have the ability to guide you and your family through all the considerations before making a decision to proceed with a reverse mortgage.

We also have access to alternative options such as Equitable Bank’s new Reverse Mortgage product. More choice and competition means better rates and flexibility for you.

Whether you are looking for expert mortgage advice or have general questions about our service, we are here to help.

Get in touch with us today to schedule a mortgage review, learn more about your reverse mortgage, or find answers for any of your mortgage-related questions!

Get in Touch

Customer Service Numbers:

CMHC: 1-800-668-2642
Genworth: 1-800-511-8888
Canada Guaranty: 1-866-414-9109

ATB: 1-800-332-8383
B2B: 1-800-263-8349
BMO: 1-877-895-3278
Bridgewater: 1-866-243-4301
CIBC: 1-800-465-2422
CMLS: 1-888-995-2657
Optimum: 1-866-441-3775
Equitable: 1-888-334-3313
Connect First: 403-736-4000
Chinook Financial: 403-934-3358
First Calgary Financial: 403-736-4000
First National: 1-888-488-0794
Haventree: 1-855-272-0051
Home Trust: 1-855-270-3630
HSBC: 1-888-310-4722
ICICI: 1-888-424-2422
Manulife: 1-877-765-2265
MCAP: 1-800-265-2624
Merix: 1-877-637-4911
Marathon: 1-855-503-6060
RBC: 1-866-809-5800
RFA: 1-877-416-7873
RMG: 1-866-809-5800
Scotiabank: 1-800-472-6842
Servus: 1-877-378-8728
Street Capital: 1-866-683-8090
TD: 1-866-222-3456