Maintain Standard of Living on Lower Income Hero Image

Maintain Your Standard of Living

As living costs soar, retired homeowners on pensions face more pressure than ever before to manage monthly expenses.

If you are living more frugally than ever to make ends meet, a Reverse Mortgage can help boost your monthly income and help you live with the dignity and independence you crave.

A common concern with retirees is the cost of healthcare.

With advancing age, healthcare expenses may increase, and those with limited income may worry about their ability to afford medical treatments and prescription drugs.

Just because your home is mortgage free doesn’t mean it is doesn’t have expenses.

Property taxes are always increasing and maintaining your home is not cheap. Deal with regular and unexpected housing costs easily with a Reverse Mortgage so you can keep living in your home with pride.

Learn how to unlock your hidden wealth with a reverse mortgage.

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Financial Security

RetireBetter.ca acknowledges the concerns that many Canadians aged 55 and above have regarding their ability to sustain a certain quality of life during retirement. As a mortgage company with extensive expertise in Reverse Mortgages in Canada, we are well-prepared to assist with retirement finances.

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Peace of Mind

Cover Healthcare

Enjoy Life

With a Reverse Mortgage in Canada you will never owe more than the market value of your home.

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In Canada, a Reverse Mortgage is a highly secure financial product that provides robust protection for borrowers. Learn more about the Home Equity Guarantee.

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Borrow up to 55% of home equity

On average, by borrowing against your home equity, you can unlock $200,000 or more.

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Unlike other financial products a Reverse Mortgage has no monthly payment.

With a Reverse Mortgage, you can access your home equity without needing monthly payments. This is a unique financial product where the interest incurred from borrowing is added to the principal, eliminating the need for payment.

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Explore Alternative Options

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Learn why a Reverse Mortgage is a better option for retirees

HELOC

Includes:

Variable rate

Regular payments

Income requirements

Unlock up to 55% of home equity

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REVERSE MORTGAGE

Includes:

Fixed rate

No regular payments

Light income requirements

Unlock up to 55% of home equity

Never owe more that the market value of your home
‍* Home Equity Guarantee

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CONVENTIONAL MORTGAGE

Includes:

Variable rate / Fixed rates

Regular payments

Full income requirements

Stress Test requirements

Insurance

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REVERSE MORTGAGE

Includes:

Fixed rate

No regular payments

Light income requirements

Unlock up to 55% of home equity

Never owe more that the market value of your home
‍* Home Equity Guarantee

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What is the Home Equity Guarantee?

A reverse mortgage is a financial option exclusively available to Canadians aged 55 or above. It allows homeowners to access their home equity without the obligation to make monthly payments towards the principal and interest.

Highly beneficial for seniors

Seniors that possess significant wealth in their home but require additional cash flow during retirement are a perfect fit for a Reverse Mortgage.

Reverse Mortgages have undergone significant changes

Unfortunately, some individuals have misconceptions regarding reverse mortgages due to unscrupulous individuals who previously tarnished the product's reputation. However, reverse mortgages have undergone significant changes, and current versions have robust borrower protections. One such protection is the Home Equity Guarantee.

Home Equity Guarantee

This guarantee assures borrowers that they will only owe the fair market value of their home, provided they fulfill their obligations under the mortgage contract, such as paying property taxes and home insurance.

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Our Reverse Mortgage Partners

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Read our 5 Star Reviews

You could take our word for it, but why not look at some of these testimonials from our clients?

"My wife and I both get pensions but we were struggling to make ends meet with everything getting so expensive! Plus we were shocked to see how much my wife’s PSW was going to cost every month. After researching our options, we decided to work with RetireBetter.ca to obtain a reverse mortgage. The staff was incredibly patient and helpful, guiding us through the process step-by-step. Life is so much better now! We highly recommend RetireBetter.ca to anyone facing similar challenges"

William, Vancouver

"I wanted to help my daughter and her family purchase a home but I was worried about my own financial stability. After speaking with Sunita at RetireBetter.ca, I realized that a reverse mortgage was the perfect solution for my needs. She explained everything to me and even spoke with daughter to answer her questions. It was a great overall experience!”

John, Ottawa

"After my husband passed away, I was concerned about my ability to manage everything on my pension. After speaking with Stephanie at RetireBetter.ca, I learned about the benefits of a reverse mortgage. She helped me with everything and now I have all the financial stability I need. Stephanie really made the process stress-free for me. I highly recommend RetireBetter.ca to anyone looking for a way to live peacefully at home."

Susan, Toronto

"I wanted to buy a summer home in Florida but really didn’t want to sell my investments yet. Syed at RetireBetter.ca showed me how I could use a reverse mortgage to get what I wanted. It really was the best thing for me. They are terrific people doing terrific work---thank you, guys!”

Michael, Oakville

“I wanted to renovate my home and live there as long as I could. The people at RetireBetter.ca showed me how I could do that with a reverse mortgage. My home is perfect for my needs now and I am so comfortable and happy now!”

Elizabeth, Calgary

"Nobody tells you how expensive and stressful downsizing is and I thought that was the best way to save on costs. But I didn’t want to leave my home and lose all those memories or lose my independence. I am so happy now after getting a reverse mortgage and working with everyone at RetireBetter.ca! I still keep in touch with them and consider them my friends.”

Michelle, Mississauga