Get Money from Your Home Without Selling

The Power of a Reverse Mortgage

Up to one in four Canadian retirees have debt obligations. Nearly 70% have credit card debt. Canadian homeowners approaching retirement may wonder what options they have when they have a lot of debt to repay. This is especially true for retired Canadians with minimal income sources. A reverse mortgage may be the answer. With a reverse mortgage, you can borrow money against your home’s value without having to sell it. This is also known as an “equity release.” Up to 55% of your home’s current value may be borrowed. You repay the loan once you sell your home or once you are no longer living. Essentially, until the loan is due, you are not required to make any payments on a reverse mortgage. Interest does accrue, but you get the benefits of using money you need now without waiting.

Benefits of Reverse Mortgages

Retirement tool

A reverse mortgage allows you to convert your home equity into cash income. It is an excellent tool for retired individuals or seniors aged 55 or older. It enables you to increase your cash flow during retirement without taking out a new loan, which can be highly beneficial for retirement planning. Seniors can use a reverse mortgage as a tool to secure a better retirement.

You can consolidate debt

A reverse mortgage allows you to consolidate debts using the equity in your home to pay off existing creditors. This means all your high-interest debts are rolled into a single debt with interest payments that are lower – and more manageable. This can be an ideal solution for those whom want a simple solution for paying off debt without juggling payments for multiple accounts.

No monthly payment

With a reverse mortgage you are not obligated to make monthly payments on the loan. Without the burden of monthly payments, you will have more money in your back pocket. For example, you can cover things such as medical costs, take vacations, or complete home renovations at your leisure.


A reverse mortgage allows you to choose the way you receive money – whether it is in a lump-sum payment, a loan that provides a steady stream of income, or a combination of these. In fact, you can even access a portion of your equity up-front and receive more equity as time goes on. There is incredible flexibility with a reverse mortgage.

Stress Reduction

You can live worry-free using a reverse mortgage. These mortgages allow you to continue owning the home that you love and worked hard to maintain. A reverse mortgage enables you to become financially secure during your retirement without going into further debt. If you did not plan fully for retirement or are impacted by cost-of-living increases and inflation, a reverse mortgage can reduce your stress significantly. You can focus on enjoying your retirement!

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Why Choose Transparent Mortgages

At Transparent Mortgages, we specialize in finding the best mortgage for our customers. We are dedicated professionals that have superior relationships with our lenders. Our services are designed to fit your particular circumstance. Your satisfaction is our top priority – after all, it’s why we continue to do what we do.

Who is this for?

Reverse Mortgages Help You:


Available for:

  • Unlock up to 59% of your home equity tax-free
  • Increase cash flow
  • Consolidate debts
  • Cover large unforeseen costs
  • Homeowners
  • Senior’s age 55 or older

Get in touch with us today!

We are committed to providing an incredible borrowing experience for all our customers. Let us help you reach your goals using our leading-edge expertise in the industry. Fill out the form below.