Reverse Mortgages.
Helping Homeowners 55+ Access Their Equity.
Simple, Tax-Free, No-Payment Mortgages.
Available In Ontario & British Columbia.
What is a reverse mortgage?
a mortgage product for canadian seniors.
A reverse mortgage is a specialized home equity financing solution that allows Canadian homeowners aged 55 and older to convert a portion of their home equity into tax-free cash, without the burden of monthly mortgage payments. Designed to support retirement flexibility, lifestyle needs, or major expenses, reverse mortgages are growing in popularity among older Canadians who want to access their wealth without selling their home. With a reverse mortgage in Canada, eligible homeowners can unlock up to 55% of their home’s appraised value, depending on key factors like the homeowner’s age, property type, location, and home value. Generally, the older the homeowner, the more equity they can access. The funds can be used for anything, such as covering retirement living expenses, consolidating debt, helping family with a down payment, or simply preserving financial freedom during retirement. Unlike traditional residential mortgages, reverse mortgages do not require regular monthly payments. The loan is typically repaid when the homeowner sells the property, moves out of the home, or passes away. Any remaining equity belongs to the homeowner or their estate. Because the loan is registered in first mortgage position, any existing mortgages, HELOCs, or second-position loans must be paid out or refinanced as part of the reverse mortgage process. This ensures the reverse mortgage lender holds priority on title. At DV Capital, we specialize in arranging reverse mortgage loans across Ontario & British Columbia, helping homeowners access cash from their home equity with fast approvals, flexible terms, and expert guidance.
How does a reverse mortgage work?
it's your equity, access it anytime.
A reverse mortgage is a specialized home equity loan for seniors in Canada, designed for homeowners aged 55 and older to access up to 55% of their home’s appraised value. The exact amount available depends on several factors, including the homeowner’s age, property type, location, condition, and current market value. Unlike traditional mortgages, a reverse mortgage does not require scheduled monthly payments or follow a fixed amortization schedule; instead, the loan principal and interest compound over time until the property is sold, refinanced, or the homeowner passes away. One key benefit of a reverse mortgage in Canada is that it does not affect eligibility for Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits, since the funds are considered tax-free loan advances. The maximum loan-to-value (LTV) ratio is age-dependent; the younger the homeowner, the lower the LTV they can receive, while older homeowners can access a higher percentage of their home equity, up to the 55% limit approved by lenders and appraisers. Interest rates for reverse mortgages are typically higher than traditional mortgages or home equity line of credit (HELOC) rates, but generally lower than private mortgage rates. This makes reverse mortgages an excellent financing option for seniors who may not qualify for conventional loans due to reduced income or inability to meet mortgage stress test requirements during retirement, and in cases where a reverse mortgage is more suitable than a private mortgage. Funds from a reverse mortgage are usually advanced as either a single lump sum payment or through multiple advances over time, providing seniors with flexible access to their home equity to meet diverse financial needs. Note that a reverse mortgage must be registered in first mortgage position, so any existing mortgages, home equity lines of credit, or home equity loans on the property must be discharged before or at closing. DV Capital specializes in reverse mortgage solutions across Canada, offering expert guidance, fast approvals, and flexible terms for Canadian homeowners aged 55 and older in Ontario & British Columbia. Whether you’re exploring reverse mortgage eligibility or looking for a trusted private reverse mortgage lender, we provide tailored financing to help you unlock your home equity and improve your financial independence.
How to Apply for a Reverse Mortgage.
contact us 7 days a week.
Applying for a reverse mortgage in Canada is a simple, streamlined process with DV Capital, thanks to our user-friendly online mortgage application. As soon as a client submits their application, our team receives an instant notification, allowing us to quickly assess and reach out to discuss reverse mortgage eligibility, available lender options, and next steps. DV Capital’s mortgage broker advisory channel provides access to Canada’s top reverse mortgage lenders, including both institutional and private reverse mortgage providers. This allows us to maximize your chances of approval and present multiple tailored mortgage solutions, all designed to meet the unique financial needs of homeowners aged 55 and older. Whether you’re a homeowner over 55 or a family member, caregiver, accountant, or financial advisor assisting on their behalf, DV Capital acts as your one-stop reverse mortgage company. We manage the entire process from application to closing – handling the heavy lifting and providing expert guidance along the way. If you’re not yet ready to complete the full online application but would like to discuss reverse mortgage options, we warmly invite you to contact us. We’ll coordinate a direct phone consultation with you, your family members, or trusted advisors to answer questions, discuss how a reverse mortgage works, and help you determine if it’s the right fit. DV Capital is a licensed mortgage brokerage specializing in reverse mortgage solutions in Ontario & British Columbia. Whether you’re looking to access tax-free home equity, improve cash flow during retirement, or support aging-in-place plans, we’re here to help you move forward with confidence.
Top Benefits of a reverse mortgage.
Use your equity how you'd like.
- Access up to 55% of your home’s value, tax-free
- Pay off high-interest debt, such as credit cards
- Boost monthly cash flow for daily living expenses.
- Gift an early inheritance to children or grandchildren.
- Cover unexpected medical or healthcare expenses.
- Fund home repairs or major renovations.
- Avoid liquidating investments or triggering capital gains.
- An alternative to selling your home or downsizing.
- Mortgage solution for seniors who can’t pass the stress test.
- Stay in your home longer, with peace of mind.
DV Capital helps homeowners across Ontario & British Columbia access reverse mortgage financing options tailored to their needs. If you’re exploring how to supplement retirement income or protect your assets, a reverse mortgage could be the right solution.
How is a reverse mortgage repaid?
learn how to repay a mortgage.
Unlike a traditional mortgage with scheduled monthly payments, a reverse mortgage does not require regular repayment, instead, interest accrues and compounds over time so the balance increases for as long as the mortgage is in place, and repayment is generally required only when the home is sold or transferred, when the last surviving homeowner passes away, or if the borrower defaults under the terms of the mortgage such as failing to pay property taxes, insurance, or maintain the property; at that point, the full outstanding balance of principal plus accrued interest and fees must be repaid, usually from the net advance from the replacement mortgage or from the sale proceeds of the home, with any remaining equity belonging to the homeowner or their estate, and while borrowers can choose to make repayments at any time, most lenders apply prepayment charges unless the mortgage is fully open, with penalties typically structured as a sliding scale of months’ interest or a percentage of the outstanding balance that is higher in the early years of the term and declines over time. Reverse mortgages are designed to provide Canadian homeowners aged 55 and older with tax-free cash without the burden of selling their home or making monthly payments, making them a strategic option for retirement and estate planning, and at DV Capital we help homeowners and their families across British Columbia and Ontario understand exactly how reverse mortgages are repaid, how prepayment penalties work, how equity is preserved, and how these solutions can fit into their long-term financial planning.
Important Reverse Mortgage Facts.
Understand the Pros & Cons.
Here are some key reverse mortgage facts Canadian homeowners aged 55+ should know before deciding if this solution is right for them:
- Retain 100% ownership and remain on title to your home.
- Receive your funds as a lump sum and/or in scheduled advances.
- No monthly mortgage payments are required.
- Most set-up costs are deducted from the mortgage proceeds.
- Interest rates are typically higher than with traditional mortgages.
- Your Old Age Security or Canada Pension Plan are not affected.
- The funds you receive are tax-free; use them however you’d like.
What are a homeowner's obligations with a reverse mortgage?
Understand the Pros & Cons.
- Maintain your home in good condition.
- Keep your property taxes up to date and in good standing.
- Maintain an adequate home insurance policy.
- Maintain communication with your reverse mortgage lender.