Who Can Use a Reverse Mortgage?

Who Can Use a Reverse Mortgage?


Reverse mortgages are for Canadian homeowners that are 55+ and have home equity built up in their home. As long as that’s the case, they’re able and eligible to qualify for a reverse mortgage. 

If you have high interest debt, using a reverse mortgage to pay it off can be a great way to improve your financial situation. Here are the 3 Best Uses for Reverse Mortgages!

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Vlad Sherbatov

Vlad is the President and Co-Founder of Smarter Loans, Canada's original and largest loan comparison website. He is a passionate entrepreneur and business leader in the Canadian financial sector. He was selected as a 2019 Top 25 Leaders in Lending by the Canadian Lenders Association. Vlad is an author at Smarter Loans, and has been featured in publications like the Toronto Star and National Post, among others.