Reverse Mortgage Eligibility & Qualifications

To be considered eligible for a Reverse Mortgage in Canada, you must be:

• A Canadian homeowner
• Age 55 or older (if you have a spouse, both of you must be at least
• 55 years old to be eligible)

To qualify for a Reverse Mortgage in Canada, the following factors are assessed:

• You and your spouse's age
• Location of your home
• Type of home (e.g. detached, condo, townhouse etc.)
• Appraised value of your home
• The condition of your home
• Your home equity