Licensed mortgage agent with BRX Mortgage Inc. (FSRA #13463)  ·  Free, no obligation consultations
Blue Key MortgageReverse mortgage guidance for Ontario familiesBRX MortgageMortgage  ·  FSRA #13463
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  1. Home
  2. How Much Can I Get?

A 60-second honest estimate

How much could your home unlock?

Answer two quick questions and see an honest range, right here on your screen. Nothing you enter is recorded or sent anywhere, and no one will call you afterwards.

How old is the youngest owner of the home?

Lenders base the amount on the youngest person on title. The older you are, the more you can unlock.

Your best guess is fine, a recent estimate from a realtor, your property assessment, or what similar homes nearby have sold for.

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Any mortgage, HELOC, or secured line of credit. A reverse mortgage pays this off first, which is how many families end their monthly mortgage payment for good. Leave blank if your home is paid off.

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This estimator is general education, not advice or an offer to lend. It uses typical age-based ranges across Canada's reverse mortgage lenders. Your actual amount depends on the lender, your property's type and location, and a professional appraisal, and can be higher or lower than this range. Nothing you enter is collected or transmitted.

Why you can't borrow it all, and why that protects you

Canadian reverse mortgage lenders cap what you can borrow, at most about 55% of your home's value, and less at younger ages. That cap isn't stinginess. It's the reason lenders can guarantee you'll never owe more than your home is worth, and it means a healthy share of your home's value stays yours as equity on day one.

The money you unlock is tax-free, because it's your own equity, not income. It generally doesn't affect Old Age Security or the Guaranteed Income Supplement either.

What decides your real number

  • The age of the youngest owner, older means more.
  • Your home's appraised value, type, and location, urban homes in strong markets qualify for more.
  • Which lender, HomeEquity Bank (CHIP), Equitable Bank (Flex), and Bloom each set their own limits. I compare all three for you, that's my job.

Want your real number, in writing?

A free 15-minute call gets you actual figures from all three Canadian lenders, on paper, to take home and sleep on. If a reverse mortgage isn't your best option, I'll tell you that too.