Reverse Mortgage
With a reverse mortgage (equity release), eligible homeowners can access part of their home’s equity without leaving their home.
Solutions Beyond Traditional Banks
How a Reverse Mortgage Works: A Guide for Homeowners
For Canadians aged 55 and older, you can access the equity in your home without making any monthly mortgage payments. Repayment is only required when you sell your home, move out permanently, or when your estate is settled.
You can receive the funds in flexible ways based on your financial needs:
Lump Sum: Get a one-time advance for immediate expenses or large purchases.
Regular Installments: Receive scheduled monthly or periodic payments to help supplement your income.
Line of Credit: Access funds whenever you need them, giving you greater flexibility and control.
Hybrid Option: Combine a lump sum with regular installments to match your goals and cash flow.
Canadian reverse mortgages also include a No Negative Equity Guarantee, which means you will never owe more than the value of your home at the time it is sold.
A Path Back to Financial Stability
Why Choose CENTUM Indigo Mortgage Corp. for reverse mortgages
We understand that financial setbacks happen—job loss, illness, divorce, or unexpected circumstances can impact anyone’s credit history. What matters most is how you move forward.
Choosing centum for a reverse mortgage means working with experienced mortgage professionals who provide personalized advice and access to multiple lenders instead of just one bank. This allows you to compare options and find a solution that fits your retirement and financial goals. With flexible programs, no required monthly payments, and ongoing support, CENTUM helps you unlock your home equity while you continue to live in and own your home with confidence.