Without Selling, Moving, or Making Monthly Payments.Compare Canadian Reverse Mortgage Lenders in One Place — With a Licensed Mortgage Broker.
Takes less than 90 seconds.
Choose the closest option.
And the best part: You retain 100% home ownership.
Here’s the problem you face: Most of your money is tied up in your home — not in your bank account. Meanwhile, your monthly bills keep climbing.
So every month, you watch your savings shrink, your debts creep higher, and the comfortable life you worked decades for slips further out of reach.
All while the money that could change everything sits locked in your own walls.
Luckily for you, there’s now a solution — one that most homeowners don’t realize they already qualify for.
Let me introduce you to the reverse mortgage — a safe, government-regulated way to unlock your home’s equity and turn it into lasting peace of mind.
A reverse mortgage lets Canadian homeowners age 55+ tap into their home’s equity without giving up ownership or taking on monthly payments.
Unlike traditional mortgages, approval is based on your home equity — not income or credit.
And because a reverse mortgage has no required monthly payments, your cash flow improves immediately.
Instead of making monthly payments, interest is added to the mortgage balance over time.
Repayment is only required if the home is sold, or after the last surviving homeowner moves out or passes away. As long as you are living in your home, no payments are ever due.
Simply Put
It’s a “pay-later” loan — you get cash now, and there’s no repayment until you move out or sell your home.
See exactly how this protects you below
Adjust the sliders below to see how your equity can change over time.
Need more than this estimate?In some situations we can structure additional financing to unlock more of your equity — contact us to see if it fits your situation.
In 15 years, your home is projected to be worth $1,935,282 (at 4.5% growth). Even with the growing loan balance, you would still have$1,274,104in remaining equity!
*Disclaimer: These projections are for illustration purposes only and should not be considered financial advice. Projections assume 4.5% annual appreciation and 6.59% interest rate. Actual results may vary based on market conditions and individual circumstances.
In 15 years, your home is projected to be worth $1,935,282 (at 4.5% growth). Even with the growing loan balance, you would still have$1,274,104in remaining equity!
Every reverse mortgage in Canada comes with strong consumer safeguards, including:
These protections mean you can step forward with clarity, confidence, and peace of mind.
You get breathing room, stability, and peace of mind — without giving anything up.
You stay in your home. Your name stays on title. You stay in full control.
Access up to 59% of your home’s value tax-free to pay off your current mortgage, clear high-interest debts, or use however you wish.
Interest is added to the balance. You only repay when you move or sell.
You will never owe more than your home is worth. Guaranteed.
Approval is based on your home equity, not your income or credit score.
Government-regulated lending rules designed specifically for Canadians aged 55+.
Reverse mortgages are one of the fastest-growing financial tools for Canadian homeowners today, and it's easy to see why.
In total reverse mortgage borrowing (up ~20% from last year)
In new reverse mortgages arranged within the last year
Providing steady, reliable results for 40 years
Join the thousands of homeowners who have already unlocked their equity.
At Homestead Financial, we’re a fully FSRA-licensed, independent Ontario mortgage brokerage. We don’t work for the banks. We work for you.
Our team brings decades of lending experience and a long history of helping Ontario homeowners age 55+ unlock their equity safely.
We know the ins and outs of the major Canadian lenders — HomeEquity Bank (CHIP), Equitable Bank, Home Trust, and Bloom Finance. We compare them side-by-side to find the option that fits your goals best.
Because we’re independent, our guidance is honest, clear, and always in your best interest.
"Homestead Financial is part of Dominion Lending Centres, so you get the personal service of a local team with the strength of a well-known national brand."
With us, you're not just another client—you’re family. And we’re with you every step of the way.
Licensed Experts
Catherine Evel & Richard Hopkins
See why homeowners choose Homestead Financial for their reverse mortgage expertise.
"Richard was so amazing to work with - he made every step of the way so easy! Richard was very fast to respond to all of my emails and continued to try and do better for me. Richard was always so friendly and professional - I cannot imagine working with anyone else!"
Tara Hill
Verified Reviewer
"Richard Hopkins' professionalism & knowledge made a typically stressful process, smooth and worry free! Thank you Richard."
Mary Anne Amodeo
Verified Reviewer
"Both Richard and Catherine were very helpful and easy to communicate with. They responded promptly to every inquiry and were a pleasure to work with! They were recommended to us by a friend and we too will recommend them to others."
Kelly VanderBrugghen
Verified Reviewer
Getting a reverse mortgage shouldn't be stressful. Here is what you can expect when you work with our team:
Tell us your financial goals, and we will show you the exact options that make sense for you.
We deal with the paperwork, lender questions, and follow-ups so you don't have to worry about a single thing.
No confusing bank terms. We explain how everything works so you can feel 100% confident in your decision.
We look at your full financial picture and give you the honest, objective advice you need to make the absolute best choice for your future.
Our service is 100% free. We are paid by the lender, never by you. Plus, any setup costs (like home appraisal) can usually be rolled right into the new loan, meaning you pay nothing out-of-pocket.
We handle the heavy lifting so you don't have to. Here is exactly what happens from your first estimate to the day you receive your money.
Click to share a few quick details. From there, we will build a personalized report showing exactly how much you qualify for.
We will review the numbers together by phone, email, or text—whichever you prefer. No pressure, just clear answers.
If you choose to move forward, you simply send us a couple of standard documents (like a recent property tax bill and bank statement).
We take care of putting together the paperwork, getting the lender's approval, and organizing a quick home appraisal if the bank asks for one.
Once approved, we'll send you the official offer to review with zero pressure. We'll walk you through it and answer any questions you have.
Before anything becomes final, an independent lawyer of your choice will review and sign the paperwork with you to make sure you are 100% comfortable.
On your closing day, the lender’s legal team takes care of paying off your current mortgage and any other debts (if applicable).
The rest of your money is deposited straight into your bank account for you to use exactly how you want.
Get all the facts before you decide. When you request your free estimate today, we will also include these exclusive resources—100% Free.
"You’ll never feel rushed or pressured. You’ll always get the same clear advice we’d give our own family—advice that puts your best interests first."
We’re paid by the lender after funding. Our expert service costs you $0.
Requesting your free estimate will not affect your credit score in any way.
You choose the pace. We guide, we never push.
We work for you, not the banks. Your best interests always come first.
No hidden costs, no fine print, no surprises. Ever.
100% secure, encrypted, and strictly confidential.
Lowest Rate Guarantee
If you find a lower rate elsewhere, we will beat it or give you $500 cash when your mortgage closes with us. We confidently stand behind our ability to find you the best reverse mortgage in Canada.
"Clear. Honest. Built around what’s best for you."
Catherine Evel & Richard Hopkins
Licensed Mortgage Broker Team • Homestead Financial
FSRA-LICENSED ONTARIO MORTGAGE BROKERAGE #11711
Your home could be the key to a more comfortable, stress-free life.
Find out how much tax-free cash you can get now — before rates change or new rules take effect.
Your Personalised Estimate: See exactly how much cash you qualify for with top Canadian Lenders.
Expert, No-Pressure Guidance: Direct access to a licensed Ontario broker to answer your specific questions at your own pace.
Bonus #1 - Your Reverse Mortgage Guide: Our exclusive plain-English handbook, giving you clear, honest answers to common questions.
Bonus #2 - Your Home Valuation Report: A data-backed assessment showing exactly what your property is estimated to be worth today.
Bonus #3 - Your Custom Numbers Breakdown: A clear, simple summary of all costs and the cash that lands in your bank account.
Bonus #4 - Your Future Equity Forecast: A transparent look at how much of your home's value you will keep over time.
Safe. Private. No obligation.
P.S. You’ve worked hard for your home — now your home can finally give something back.
A reverse mortgage can clear your debts, eliminate your month-end stress, and give you real financial comfort without selling or moving.
Don’t wait for rates to rise or for new rules to shrink what you qualify for.
The sooner you check, the more choice you’ll have — and the sooner you’ll feel that sense of relief you’ve been waiting for…
Clear, honest answers to the most common concerns.
Absolutely not. This is the most common fear, and it is 100% false. You retain full ownership and stay on the title of your property.
Just like a traditional mortgage, the lender simply places a lien on the home to secure the loan. You are still the boss, you still own the home, and you can sell it whenever you want.
No, your estate is completely protected. In Canada, regulated reverse mortgages come with a built-in No Negative Equity Guarantee.
This means that as long as you have met your basic loan obligations, you or your heirs will never owe more than the fair market value of the home when it's time to settle the loan.
If the home is worth less than the loan balance, the lender takes the loss. If the home is worth more, your family keeps all the remaining equity.
No. You have the right to live in your home for the rest of your life. The loan does not become due as long as you live in the home as your primary residence.
However, just like owning a home with or without a mortgage, you are required to keep paying your property taxes, your home insurance, and keep the house reasonably maintained. As long as you pay these, you cannot be evicted simply for outliving the loan.
Not at all. Because the Canada Revenue Agency (CRA) considers reverse mortgage funds to be a loan advance rather than earned income, the money you receive is 100% tax-free.
Because it is not taxable income, it will absolutely not trigger clawbacks on your Old Age Security (OAS) or your Guaranteed Income Supplement (GIS).
No, you can still have a regular mortgage. In fact, one of the most popular reasons Ontarians get a reverse mortgage is to pay off their existing traditional mortgage!
The reverse mortgage funds are first used to wipe out your current mortgage, instantly freeing up the cash you were spending on monthly payments. Any remaining equity is yours to use however you please.
The remaining equity is all yours (or your family's). Many people mistakenly believe the bank "gets the house" and keeps the profit.
The reality is that the lender is only entitled to the exact loan balance plus accrued interest.
If your home sells for $800,000 and your reverse mortgage balance is $300,000, the remaining $500,000 belongs to you (or your estate).
You are never locked in. You can sell your home at any time.
If you decide to downsize, move into a retirement community, or relocate closer to the grandkids, you simply sell the house exactly as you normally would. The proceeds from the sale pay off the reverse mortgage, and you keep the rest.
That is a severely outdated myth. While it is true that a reverse mortgage can be a lifeline, today they are widely used by affluent retirees and financial planners as a strategic wealth tool.
Retirees use them to fund major renovations, gift early inheritances to children so they can enter the housing market, or draw tax-free cash to avoid selling off their investment portfolios during a stock market dip.
Real stories from homeowners who found financial clarity with Homestead Financial.
"Dealing with Catherine on my Reverse Mortgage was seamless and effortless. She made me feel comfortable with all the questions and paperwork that was involved. I would highly recommend her to anyone!!"
T Gail Burda
"I worked with the Catherine Evel & Richard Hopkins Mortgage Team to refinance my mortgage, and I couldn't be happier with the experience. From start to finish, they made the process smooth, clear, and stress-free. They took the time to explain everything in plain language, kept me updated every step of the way, and handled all the details behind the scenes... I would absolutely recommend Catherine and Richard to anyone looking for expert mortgage advice and outstanding service!"
Trisha
"Catherine and her team are amazing. We have now used their services through 2 renewals, both of which we received the best possible rate available, and they made the entire process so easy. Anyone who does not use a mortgage broker is just leaving 10s of thousands of dollars on the table! There is zero cost (your rate does not go up by using a broker), and everything for the home owner to gain. If you are on the fence, jump over it, and go with Catherine! :)"
Shawn LaCourse
"I am a lawyer, so I deeply value professionalism, attention to detail, and clear, thoughtful client service and Catherine truly embodies all of these qualities. She is extremely knowledgeable, meticulous, and never hesitant to take the time to answer questions... She will absolutely be our go-to broker."
Abi N.
"As a parent... she took the time to fully understand what we wanted to accomplish and helped us in every step along the way. Her kind manners and quick, thorough follow up quickly helped us to make sound decisions. Catherine helped us in ways that our local Big 5 bank simply could not match. Quite simply, Catherine is the best person I've ever dealt with in the financial industry."
John Hyslop
"I have had an exceptional experience with Catherine and Richard. Their professionalism, expertise, and genuine commitment to helping their clients truly stand out. They guided me through every step of the process with patience and clarity, making everything smooth and stress free. Catherine and Richard went above and beyond to ensure I received the best possible outcome. I'm incredibly grateful for their support and highly recommend them to anyone looking for knowledgeable and trustworthy Mortgage professionals."
Dan B
"If I could give 10 stars for Catherine Evel and Richard Hopkins, I would! I have been a client of Catherine's for many mortgage terms now and working with her never disappoints! She is extremely knowledgeable in her field and is lovely to work with. Most recently, they guided me through a difficult time, made sure all my needs were met and ensured it was done seamlessly and on time."
Samantha
"This is our third Mortgage through Dominion Lending! Catherine and Richard have been amazing to work with and take all the guess work out of Mortgage Renewal. We highly recommend using them to get the best rates at mortgage renewal time…"
Kat Mac
"Catherine has been an absolute life saver! She said one sentence to me 'I will get you a good mortgage' and she did indeed! I won't deal with anyone else than Catherine. Catherine picks up the phone when I've needed her and put my stress to ease so I can sleep at night."
Sarah (Donny)
