What You’ll Learn:
• What a reverse mortgage really is and how it works for Canadian homeowners 55 and older
• Why you can access tax-free cash from your home equity without monthly mortgage payments
• How you can stay in your home, maintain ownership, and use your equity to boost retirement income, cover living costs, or invest in your goals
• Eligibility basics and how lenders determine how much you can access
• Pros, cons, and important considerations before deciding if a reverse mortgage is right for you

What Is a Reverse Mortgage?
A reverse mortgage is a special type of loan for homeowners aged 55 + that lets you convert part of your home’s equity into cash — while continuing to live in and own your home. Instead of making monthly payments to a lender, the lender pays you money, and the loan is repaid later when you sell, move out, or pass away.

Key Benefits Covered in This Class
• Access up to a significant portion of your home’s equity as tax-free cash you can use however you want
• No monthly mortgage payments required as long as your home stays your primary residence
• Funds can be taken as a lump sum, scheduled amounts, or a combination that fits your retirement plan
• Maintain full ownership of your home — it stays in your name

Important Considerations We’ll Explain
• How interest works and what happens to your equity over time
• When repayment becomes due (e.g., selling the home or moving out)
• Other options worth comparing before you decide (HELOCs, downsizing, refinancing)

Who This Class Is For
• Homeowners aged 55 + who want more financial flexibility in retirement
• Anyone curious about using home equity without selling or moving
• People planning retirement budgets, healthcare costs, or long-term lifestyle goals

Ready to Learn?
Whether you’re thinking about a reverse mortgage now or just want to understand your options, this class gives you the insights you need to make an informed decision with confidence.