Benefits of a Reverse Mortgage

  • The borrower does not need to make monthly payments toward their loan balance.
  • Proceeds can be used for living expenses, debt repayment, healthcare expenses, and more

What is a reverse mortgage?

In Canada, a reverse mortgage is a type of loan that is secured against your principal residence. This financing solution gives you access to tax-free cash with no mandatory ongoing payments.

The Reverse Mortgage Process

If you believe a reverse mortgage is the solution for you, applying for one is similar to that of a traditional home equity loan. Once you meet the eligibility criteria, shop around to find the best deal.

The lender will assess your financial situation including evaluating your credit history, any outstanding mortgage and ensuring your property qualifies (as in you don’t have any active property liens). You’ll also need to provide proof that you’re able to pay for ongoing housing costs, and order a property appraisal to determine its value and how much you can borrow.

Contact Now

Eligibility for reverse mortgage

You may be eligible for a reverse mortgage if:

  • you are 55 years old or over
  • you live in the major urban centres of Ontario, Quebec, British Columbia, or Alberta
  • your home is your principal residence (you live there for at least six months of a calendar year)
  • all title holders of the residence apply as joint borrowers (in ON, AB, BC)
  • the residence is owner-occupied and not a secondary home or cottage
  • your home is detached, semi-detached, condo, or townhome
Book an Appointment Now

Steps & Process

Easy Approval Process

Conversation
Application
Approval
Apply Now For Instant Approval
When we say YES! We stand behind our Promise
Check Your Eligibility

Use our service

Why you should choose Brevity mortgages

Borrowers

  • We provide the most reliable mortgage solutions for your dream house
  • We provide curated solutions specific to your mortgage needs based on your qualification
  • Rapid mortgage approvals and fast closings
  • You can save time and Money
  • Best lender discounts and promotional offers for best interest rates
  • Access to experienced and professional Mortgage Agents
  • Brokers in the industry
  • Credit Score privacy

Brokers or and Agents

  • Dedicated team to help you with your clients
  • Veterans who share their industry experience and help you with each step
  • One on One Support and Training
  • Mentors that specialize in residential, commercial and business mortgages
  • Campaigns proven to work for potential leads
  • Online presence with digital marketing techniques
  • VIP access to top-tier compensation and lenders
  • A dedicated professional office space for client meetings and brainstorming sessions

FAQ

Frequently Asked Questions

Qualifying for a reverse mortgage with Brevity Mortgages is largely based on property type, location, and borrower’s age. We lend to borrowers aged 55+ with homes in urban centres in Alberta, British Columbia, Ontario, and Quebec.

Yes, you must be at least 55 years old to qualify for a reverse mortgage with Brevity Mortgages.

You can. While it’s encouraged to have a sound financial history, life happens and unforeseen circumstances arise. We get it—that’s why we have options for everyone.

If both spouses are registered as joint tenants, the surviving spouse can continue to be a borrower and is entitled to all the benefits a reverse mortgage has to offer.

What's you expect

We Offer To You

First-Time
Home Buyer
Refinancing Your
Property
Pre
Approval
Low Income
Mortgage
Bad
Credit Mortgage
Renew Your
Mortgage
Self-Employed
Mortgages
Private
Mortgages
Commercial
Mortgages
Second
Mortgage
Reverse
Mortgage
Home Equity Line
of Credit