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Access Your Home Equity — No Monthly Payments Required A reverse mortgage allows Canadian homeowners aged 55 and older to...
Takes 30 seconds. No credit check required.
A reverse mortgage allows Canadian homeowners aged 55 and older to convert up to 55% of their home’s value into tax-free cash — without selling, moving, or making monthly mortgage payments. At Mortgagefy, we help seniors access their hard-earned equity to fund retirement, cover health expenses, or simply enjoy life with financial freedom.
A reverse mortgage is a loan secured against the value of your home that lets you access your equity as a lump sum or in scheduled advances. Unlike a traditional mortgage, you make no regular payments. The loan, plus accumulated interest, is repaid only when you sell the home, move out, or pass away. In Canada, the CHIP Reverse Mortgage by HomeEquity Bank and Equitable Bank’s reverse mortgage are the two main products available, and we can help you access both.
Canadian homeowners aged 55 or older. All homeowners on the title must be at least 55. The home must be your primary residence. Properties across most of Canada are eligible, including single-family homes, condos, and townhouses. You retain full ownership and can stay in your home for as long as you choose. No income or credit score requirements — qualification is based primarily on your age, property location, and home value.
Access up to 55% of your home’s appraised value as tax-free cash. No monthly mortgage payments required — ever. You maintain full ownership and can never owe more than the fair market value of your home. Funds can be used for anything: retirement income, home care, travel, gifting to family, or paying off existing debts. Both fixed and variable rate options are available with terms from 6 months to 5 years.
We start with a confidential consultation to understand your goals and assess your eligibility. We then arrange an independent appraisal of your property and present you with your options. Once approved, funds are typically available within a few weeks. Our team handles all paperwork, lawyer coordination, and disbursement so the process is smooth and stress-free.
Tell us about your situation. We review your needs, goals, and financial picture — quick and confidential.
We compare rates and terms from our network of banks, credit unions, B-lenders, and private lenders to find your best match.
Once you choose your best option, we handle the paperwork and guide you through to funding — fast and stress-free.
Fully licensed and regulated in Ontario. Your interests are legally protected.
Clear terms, honest guidance, and a dedicated agent working to get you the best deal.
Pre-approvals in 24 hours. Private lender funding in as little as 48 hours when time is critical.
We shop your application across banks, credit unions, B-lenders, and private lenders Canada-wide.
Get a personalized rate quote in under 60 seconds. No hard credit check required.
Fully licensed, operating under 8Twelve Mortgage Corporation (Lic#13072).
Access to Canada's largest network of banks, credit unions, B-lenders, and private lenders.
Get a response within 2 business hours. Many approvals within 24-48 hours.
Expert guidance with zero pressure. We work for you, not the banks.
A licensed mortgage agent will personally review your situation and call you back within 2 hours. No pressure, just expert guidance.
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Mortgage services provided by 8Twelve Mortgage Corporation, licensed mortgage brokerage (Lic#13072).
Have questions about your mortgage options? Book a quick call with a licensed agent — no pressure, no obligation.
