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A website of Dominion Lending Centres Homestead Financial · Independently Owned and Operated · Brokerage Licence #11711

TorontoReverseMortgage.ca

Free tool · About 2 minutes

Is a reverse mortgage right for me? A 10-question check

Answer ten plain questions about you and your Toronto home. You'll see one of three results: worth a closer look, compare carefully first, or probably not the right tool. Each result explains why.

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Free · No sales pressure · Getting an estimate doesn't affect your credit

Question 1

1. How old is the youngest person on the home's title?

Question 2

2. Do you live in this home most of the year?

Question 3

3. What kind of home is it?

Question 4

4. How long do you plan to stay in this home?

Question 5

5. What do you still owe on the home?

Question 6

6. What would the money be for?

Question 7

7. Could your income cover the monthly payments on a bank line of credit?

Question 8

8. How important is leaving the home's full value to your children?

Question 9

9. Are your property taxes and home insurance up to date?

Question 10

10. Have you talked it over with your family?

About this check

What does this check tell me?

It tells you whether a reverse mortgage is worth a closer look, whether another option might fit you better, or whether something rules it out. It is a starting point, not advice for your situation.

Is anything I answer saved or sent?

No. Your answers stay in your browser and disappear when you leave the page.

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