Unlock Your Home’s Equity — Stay in the Home You Love
Personal Reverse Mortgage Advice from Suganthan — Trusted by Toronto Homeowners.
A Reverse Mortgage gives you tax-free cash with no monthly payments — so you can enjoy retirement your way, without selling or moving.
What is a Reverse Mortgage?
A Reverse Mortgage allows Canadian homeowners aged 55+ to access their home’s equity as tax-free cash — while staying in the home they love.
- No monthly payments required
- Maintain full ownership of your home
- Use the money however you choose
Unlike a traditional mortgage, a reverse mortgage pays you — not the other way around. You stay in control and live comfortably in your home for as long as you choose.
Key Benefits of a Reverse Mortgage
Stay in Your Home
- You remain the full legal owner of your home.
- No forced sale or relocation required.
No Monthly Payments
- You don’t have to make any mortgage payments while you (or your spouse) live in your home.
Tax-Free Cash
- The money you receive is tax-free.
- It won’t affect your Old Age Security (OAS) or Guaranteed Income Supplement (GIS).
Use the Money Your Way
- Supplement retirement income
- Pay off debts
- Fund home renovations or healthcare needs
- Help family members
- Travel — or simply improve quality of lifes
Keep Your Remaining Home Equity
- On average, 99% of homeowners have equity left when the reverse mortgage is repaid — typically about 50% of the home’s value.
Who Qualifies?
We Focus on Your Home — Not Your Credit Score.
- Canadian homeowners 55 years of age or older
- Primary residence only (house, condo, townhouse)
- No credit check required
- No income verification required
- Up to 55% of your home’s value available
How Does It Work?
A reverse mortgage is secured by your home’s equity. You receive funds as a:
- Lump sum
- Ongoing monthly advance
- Combination of both
You can use the money however you choose. The loan is repaid only when you sell your home, move out permanently, or pass away.
Frequently Asked Questions
Will I lose ownership of my home?
No — you remain the full owner of your home.
Will I owe more than my home is worth?
No — Canada’s reverse mortgages include a No Negative Equity Guarantee.
Can I pay off an existing mortgage?
Yes — many clients use a reverse mortgage to pay off existing mortgages or other debts.
Is this a loan of last resort?
No — many financially secure homeowners use reverse mortgages as part of a strategic retirement plan.
What fees are involved?
Typical fees include an appraisal, legal advice, and admin fees — most can be paid from your reverse mortgage proceeds.
How do I receive the money?
You choose how you’d like to receive the funds:
- Full lump sum
- Monthly advances to supplement income
- A combination of both
Why Work With Suganthan?
As an independent mortgage professional, I help you navigate your options and choose the reverse mortgage solution that fits your needs — not the bank’s.
I work with Canada’s leading reverse mortgage providers, including:
- CHIP Reverse Mortgage by HomeEquity Bank
- Fraction
- Other trusted lenders
With me, you’ll get:
- Clear advice (no sales pressure)
- A solution tailored to your life goals
- Full transparency on fees and how it works
- Trusted support every step of the way
Ready to Explore Your Options?
Book a free consultation today — no cost, no obligation. I’ll show you how much you could access and help you decide if a reverse mortgage is right for you.
Suganthan — Helping Toronto Homeowners Retire with Confidence