A reverse mortgage is a loan secured against the value of your home. It is designed exclusively for homeowners aged 55 years and older. It enables you to convert up to 55% of your home’s value into tax-free cash. The funds from a reverse mortgage can be used for whatever you desire, the choice is yours! You maintain ownership of your home, no monthly mortgage payments are required, and repayment of the loan is only once you chose to move or sell. With more Canadians retiring with consumer debt, a Reverse Mortgage frees up cash flow.