Canadian Reverse Mortgage Guide

2022 Edition Now Available For Download For Free

The Canadian Reverse Mortgage Guide

Find out what a reverse mortgage is, the benefits, the disadvantages, if they're a good solution for you and how they've helped other Canadians over the age of 55.

Regulations to Protect Homeowners

Reverse mortgage lenders are federally regulated by OSFI, just like all major banks.

Licensed mortgage brokers and agents, tightly regulated and monitored are able to provide reverse mortgages to homeowners.

Solutions for you

Reverse mortgages are one of the most flexible options available to homeowners over 55 years old.

Have Questions? Get the free Guide.

Is this for me?

What's inside the guide.

The Canadian Reverse Mortgage Guide has been written and reviewed by licensed mortgage agents who undergo strict consistent training and testing on all elements of credit, debt, and financing real estate. 

We have access to over 70 lenders, thousands of mortgage and finance programs and peer advice groups, ensuring we’re always up-to-date on the latest rates, options and solutions.

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What's Inside?

Love from our past clients

Testimonials from past clients who have worked with us before...

Meticulous and Caring
“ Steve White is a meticulous and caring advisor. He works hard to find the best rates and get even the challenging deals done. I highly recommend him."

Lisa Kember

someone we can trust
“Working with Steve over the last few months have been nothing but positive for my husband and myself. He has become someone we can trust and would definitely use again if needed in the future.”

Nazrina De Zilva

An absolute pleasure
“Dealing with Steve has been an absolute pleasure. If you're looking for a knowledgeable, capable broker with a wide variety of available lenders he’s the guy.”

Evan Pearce

made up feel very comfortable
“Great working with Steve. Walked us through all the steps and had great communication skills that made up feel very comfortable with the process.”

Andre Forget

Ready to get started?

Book a No Obligation Reverse Mortgage Assessment

Your Certified Reverse Mortgage Specalist

Steve White Licensed Mortgage Agent

Steve has been providing financial advice and consulting on investments for nearly a decade. Heavily involved in numerous charities and social organizations from Rotary Clubs to youth shelters, Steve's tireless work ethic and determination for helping those in need is well known in his community.

A Few Ways Reverse Mortgages Can Help You

Reduce Monthly Payments

Help Family Purchase a Home

Home Repairs or Renovations

Travel or Support a Cause

Frequently Asked Questions

Common questions and misconceptions around Reverse Mortgages

You continue to own 100% of your home, just like a normal mortgage.

Over 99% of reverse mortgage customers have equity in their home when it comes time to repay the mortgage, and in most cases the amount of equity is more than 50% of the home value. Additionally, more and more seniors are using reverse mortgages to provide a living inheritance to their loved ones.


This is very rare, because of the benefit of home price growth over time. However, in the rare case that this occurs, rest easy. With the Home Equity Guarantee, meaning you’ll never have to pay us more than the fair value of your home.

The amount depends on two factors. One, the borrower’s age. And secondly, the home’s appraised value. Borrowers can generally access up to 55% of their home's value.

You can. While it’s encouraged to have a sound financial history, life happens and unforeseen circumstances arise. 

You can take the mortgage proceeds upfront as a one-time advance (an Initial Advance). Alternatively, you can take a large sum upfront (minimum amount of $25,000) and the remaining funds as Single Advances and/or Recurring Advances scheduled over several years.

You could use the funds to cover daily expenses, home renovations, medical bills, in-home care, family needs, trips, or help a relative with a down payment, it’s up to you.

If you have a mortgage, it must be paid off so that the reverse mortgage can be registered in first priority. You can use the proceeds from the initial advance to pay off your existing mortgage, any outstanding debt, or lien registered against the property.

Yes, you can. We recognize needs change and our product is designed for that. That’s why we offer flexible options to repay a portion of principal and interest. If you choose to repay the entire balance, there may be a prepayment penalty, depending how long you've had the mortgage.