Through an equity release (commonly known as reverse mortgage), you can turn a portion of your home into a source of cash
APPLY
How much can I get?
A reverse mortgage can help you
live a more comfortable life
Get your reverse mortgage from the best lender
Who can apply?
- Homeowner in Ontario, Alberta or British Columbia
- Minimum proprety value of $250,000
- At least 55 years old
- Access up to $800,000 of tax free cash
How do I access the money?
1
Second Opinions
The PATH Home Plan can help you reimagine or maintain your lifestyle. As with all major financial decisions, it's important that you consult your financial advisor and/or discuss it with your family to get a few opinions first.
2
Set up a Meeting with a Mortgage Broker
Wondering how changing interest rates and house appreciation will affect you? Have a few questions you'd like to ask? A mortgage broker can help with that. Mortgage professionals can research and recommend a solution for you based on your current situation and long term goals. Contact us.
3
Preparing Your Documents
Proof you received independent
legal advice
Independent legal advice from your own lawyer to ensure this product is suitable for you.
If you have debt secured through your residence, you'll need to provide supporting documents to confirm the details, example: Mortgage Statement.
Verification of your ability to cover property-related expenses such as property taxes, condominium fees and utilities
A home appraisal
4
Get Your Home Appraised
An accredited home appraiser will help determine a fair market value. They will look at the condition of your home, current market trends, as well as other factors.
5
Protect Your Interests
Obtaining independant legal advice is one of the best ways to protect your interests and give you confidence to enter the agreement.
