Have Questions? Give Us A Call.



At Reverse Mortgage 4U, we’ve helped thousands of Canadians find more financial freedom with a reverse mortgage. If you are 55 and over you can access up to 55% of your home value, tax-free. How? A reverse mortgage allows you to remain in your home, free of mortgage payments while enjoying increased cash flow. The older you are and the more equity you have in your home, the more money you have available.

grandparents with a baby happy after qualifying  for a reverse mortgage

Am I Eligible for A Reverse Mortgage?

Before applying, answer these simple questions:

  • Are you over 55 years of age?
  • Are you a Canadian who owns their own home?
  • If you own your home with your spouse, are they also over 55?
  • Is the home you wish to mortgage your primary residence?

If you answer yes to all of these questions, you can take advantage of our reserve mortgage.

How to Calculate A Reverse Mortgage?

There are several factors our reverse mortgage calculator uses to determine how much money you can receive including:

  • Your age
  • Property location
  • Home type
  • Appraised value of your home
  • Credit score and debt balance in some cases

In general, the older you are the more money you qualify for. By completing our assessment, you can easily enter these details to find out how much you could receive. It only takes a few minutes to complete the fields which include:

  • Your name and the name of other titleholders
  • Your age(s)
  • Your property address and home type
  • Your estimated home value

With this information, we can quickly review your home value and your age to determine your reverse mortgage estimate. While this is only an estimate, it does give you a good picture of the funds available to you through a reverse mortgage.

How Much Can I Receive with a Reverse Mortgage?

There are many factors considered. Generally speaking, if you are of the proper age with 50-55% or more equity in your home, you should qualify for a reverse mortgage. As well, the more balance owed on your home, the less money you will be eligible to receive. It is very much dependent on your age and the value of your home.

Most homeowners tend to see increased equity in their homes as they age. That is why the older you are, and the more value in your home, the more money you tend to see on your estimate when using our reverse mortgage calculator.

Interested in a reverse mortgage? Let us help.

Our team can help you benefit from your reverse residential mortgage loan. For more information get a copy of our Factbook and find out the benefits of a reverse CHIP mortgage or read our FAQs.

Office Location

14 Martin Street, Milton.
ON. L9T 2P9


Mon – Thur: 8:30am – 6pm
Fri: 8:30am – 3:30pm

Service Areas:
Reverse Mortgage 4U