Unlock the Equity in Your Home with Confidence

Whether you're looking to enhance your retirement in your current home or planning to downsize to the perfect property, a Reverse Mortgage offers financial freedom—with no monthly mortgage payments.

Schedule a Free Chat (289) 244-6578
Safe & Secure
Stay in Your Home
Jeremy Legg

Jeremy Legg

Mortgage Agent

jeremy@jeremyleggmortgages.ca (289) 244-6578

License Information

M25002963 | FSRA: 13463

Associated with BRX Mortgage

How Can a Reverse Mortgage Help You?

Designed for homeowners 55 and older, a reverse mortgage allows you to access up to 55% of your home's value in tax-free cash.

On Your Existing Property

Stay in the home you love while unlocking the wealth you've built. No monthly mortgage payments are required until you move or sell.

  • Pay off high-interest debt or mortgages
  • Fund home renovations or accessibility upgrades
  • Gift an early inheritance to loved ones

For a New Purchase

You can use a reverse mortgage to buy a new home! Right-size your living situation without tying up all your cash from your sale.

  • Purchase a home better suited to your lifestyle
  • Preserve your retirement savings and investments
  • Increase your purchasing power for the right home

How Do Reverse Mortgages Actually Work?

A secure way to unlock your home's equity without the burden of monthly payments.

Reverse Mortgage Infographic

Frequently Asked Questions

A reverse mortgage is a secure loan against your primary residence. Instead of making monthly payments, the lender pays you. You unlock tax-free cash without needing to sell or move.
You must be at least 55 years old and the home must be your primary residence. You can access up to 55% of your home's value, depending on your age and location.
No monthly principal or interest payments are required as long as you live in the home. The loan balance only becomes due when you sell, move, or pass away.
The amount you or your estate eventually repays will never exceed the fair market value of your home when sold, provided you keep your taxes and insurance up to date.

Interactive Scenario Calculators

Estimate how a reverse mortgage could work for your situation. Adjust the numbers below to see potential results.

Scenario 1: Equity Take-Out

$
$
Estimated Max Approval (55%) $440,000
Existing Mortgage Payoff -$100,000
Tax-Free Cash Available $340,000

Scenario 2: Downsizing / Purchase

$
$
$
Net Proceeds from Sale $900,000
Reverse Mortgage Support +$385,000
Required Cash for Purchase -$315,000
Leftover Cash in Bank $585,000

Retirement Income Schedule (20-Year Projection)

Visualize how your equity and loan balance change with consistent monthly payouts.

$
$
$
%
%
Year Home Value Loan Balance Remaining Equity Total Cash Received

Total Payouts Over 20 Years

$0

Final Remaining Equity

$0

*Estimates are for illustrative purposes and assume a 55% maximum loan-to-value ratio. Actual limits depend on exact age, location, and appraisal. Closing costs and commissions are not included.

Ready to Explore Your Options?

Let's have a pressure-free conversation to see if a reverse mortgage makes sense for your future.

Book Online

Call Direct

Email Me
Start Your Consultation