Unlock Your Home Equity with Our Reverse Mortgage Calculator
Our reverse mortgage calculator provides a simple way to estimate how much tax-free cash you can access from your home. Whether you’re planning for retirement or looking to supplement your income, our tool gives you the insights you need.
- No monthly mortgage payments required
- Stay in your home as long as you like
- Access funds tax-free with flexible options
What You Can Do with Our Reverse Mortgage Calculator
Easily determine how much equity you can unlock from your home with our easy-to-use calculator. Whether you’re looking to:
- Supplement your retirement income
- Cover healthcare expenses
- Support family members financially
- Enjoy your golden years with peace of mind
Our reverse mortgage calculator provides you with a tailored estimate based on your home’s value, age, and location in Canada.For more details on mortgage regulations in Canada, visit the Government of Canada’s official mortgage site to learn more.
Why Choose Our Reverse Mortgage Calculator?
Navigating retirement can be challenging, but our reverse mortgage calculator helps make the process easier by providing:
- Ease of Use: A simple tool with step-by-step guidance to calculate your available funds.
- Accurate Estimates: Backed by real-time Canadian market data and lending guidelines.
- Expert Guidance: Our trusted mortgage advisors are here to help with every step of the process.
Join thousands of satisfied Canadian homeowners who have unlocked their home equity with confidence.
Reverse Mortgage Calculator
Reverse mortgages are one of the most searched mortgage products in Canada, especially for homeowners aged 55 or older. Use our step-by-step calculator below to see how much tax-free cash you could access from your home’s equity.
- Step 1: Enter your home details (e.g., property value, outstanding mortgage, and your age).
- Step 2: Adjust the fields to explore different loan options and see your potential loan-to-value (LTV) range.
- Step 3: Review how much tax-free cash might be available to you through a reverse mortgage in Canada.
Your Estimated Loan Amount
Note: This is an estimate based on typical reverse mortgage loan-to-value (LTV) ranges in Canada. Exact amounts may vary depending on your location, lender criteria, and other factors.
Please enter valid inputs and ensure your age is 55 or older.
Ready to Explore Your Options? Contact Us Today!
If you’re ready to take the next step and learn more about how a reverse mortgage can benefit you, our team is here to help.
👉 Book a Free Consultation with Our Experts Today!
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Had a great experience dealing with Brittney. Fantastic communication and really worked for me and my needs. Will never go anywhere else for my financial needs
11/13/2024The Genesis Group exceeded my expectations! Purchasing an investment can be a scary process especially during this unprecedented time. I had the pleasure of working with Kirk and his assistant... read more Deidre, their level of excellence and commitment will have me returning in the future to build on my real estate portfolio. The office is beautifully located in the town of Ajax and surprisingly they were available after hours to answer any questions. They had full dedication and commitment to my file, I felt prioritized! The online portal to submit and sign documents was user friendly and helped to expedite the process. They did everything on my behalf to ensure a successful closing, allowing for me to continue on with my busy schedule. I recommend The Genesis Group for all your investment needs. Kirk goes above and beyond for his clients. Thank you to the entire team for all the help with closing my deal.
01/13/2023As a first-time homebuyer, navigating the mortgage process can be incredibly daunting, but The Genesis Group made it not only manageable but truly rewarding. I had the distinct pleasure of... read more working with Kirk Bryan, the founder & CEO, who personally guided me through each step with exceptional expertise and genuine care. Kirk and his team worked tirelessly to secure a fantastic interest rate for my mortgage, ensuring every detail was perfectly in place. Their award-winning service is evident in their proactive communication, deep industry knowledge, and commitment to their clients. Thanks to The Genesis Group, I crossed the finish line with my very first home purchase, feeling confident and well-supported. Highly recommended for anyone looking to make their home ownership dreams a reality!
05/13/2024 -
Kirk is a class act! He helped me with my first home property mortgage and couldn’t have asked for a more professional person to deal with. Him and his team... read more are truly 5 star. Highly recommend!
12/13/2024I had a great experience with The Genesis Group. The process was smooth, with clear communication and competitive rates. Their team was responsive and helpful throughout. Highly recommend!
09/13/2024From the very first meeting to the joyous moment of receiving my keys, The Genesis Group, under the astute leadership of Kirk Bryan, has been nothing short of spectacular in... read more securing my first mortgage. Navigating through the home-buying process can be daunting for a first-timer, but Kirk and his dedicated team, including the remarkable Cshandrika Bryan and the diligent Hope Spence, provided me with the guidance, confidence, and support I needed. The Bryan team is well-versed in the complexities of the mortgage process and operates with a level of professionalism and personal attention that is rare in the industry. Cshandrika's expertise and proactive communication meant that I was never left in the dark, while Hope's tenacity ensured that we secured a deal that was not only favorable but also well ahead of the closing date, which is a testament to their commitment and efficiency. What I appreciated most was their personal touch; they treated my first home purchase with the significance it deserved, celebrating each milestone and navigating every challenge with a solution-oriented mindset. I am truly impressed by the personalized strategies and genuine care that The Genesis Group provided. To anyone stepping into the home-buying arena, I cannot recommend The Genesis Group enough. They are not just a team that helps you cross the 'finish line'; they are your steadfast partners in turning the dream of homeownership into a reality. Thank you, Kirk, Cshandrika, and Hope, for your impeccable service and for making this journey so memorable. I look forward to working with you again in the future!
01/13/2024 -
Was a great experience working with Kirk and his team. They not only helped me refinance my mortgage on my house, they also assisted me in a commercial business acquisition.... read more Without their assistance and guidance, I wouldn't have been able to buy the business and help me achieve my financial goals. I would recommend Kirk and the Genesis Team, if you require any type of financing, be it for residential or commercial needs reach out to them.
02/21/2024If getting a mortgage was an Olympic sport, these guys would take gold—blindfolded, on a unicycle, while juggling flaming swords. They made the process so smooth, I was half convinced... read more they were magicians. Highly recommend if you like your mortgages fast and your brokers witty! Special shoutout to Kirk the CEO and Brittney, they came back to me with the lowest rates and a heap of knowledge to guide me through. Definitely the best in the business!
09/13/2024My husband and I had used Kirk and his team upon closing a deal on our home. We couldn’t be more happy with everything Kirk and Brittney have done for... read more us. They made the process so smooth and we would recommend them again and again. The level of professionalism and help that they gave us was unmatched! 10/10
11/13/2024
Frequently Asked Questions
How does a reverse mortgage work in Canada?
A reverse mortgage allows homeowners aged 55 and over to access up to 55% of their home’s value in tax-free cash, without requiring monthly mortgage payments. The loan is repaid when you sell your home or move out.
Will I still own my home with a reverse mortgage?
Yes! You retain ownership and can stay in your home as long as you wish.
How much can I borrow with a reverse mortgage?
The amount you can borrow depends on factors like your age, home value, and location. Our calculator provides an estimate based on these criteria.
Is the money from a reverse mortgage taxable?
No, the money you receive from a reverse mortgage is tax-free and does not affect your Old Age Security (OAS) or Canada Pension Plan (CPP) benefits.
What are the next steps after using the calculator?
After receiving your estimate, our experts will guide you through the application process and help you secure the best reverse mortgage option for your needs.