Reverse Mortgages

A reverse mortgage is a unique financial product designed specifically for homeowners who are 55 years of age or older. It allows homeowners to access the equity in their homes without having to sell or move out. Instead of making monthly mortgage payments, the homeowner receives funds from the lender, either as a lump sum, in regular installments, or as a line of credit. This page provides an overview of reverse mortgages and highlights their key features and benefits.

Key Features of Reverse Mortgages:

Access to Home Equity: A reverse mortgage enables homeowners to convert a portion of their home’s equity into tax-free cash, providing them with additional income or a source of funds for various needs, such as home renovations, healthcare expenses, or supplementing retirement income. The amount available to borrow is based on factors such as the homeowner’s age, the property value, and the location.
No Monthly Mortgage Payments: One of the most significant advantages of a reverse mortgage is that homeowners are not required to make monthly mortgage payments. Instead, the interest on the loan accrues over time and is typically repaid when the homeowner sells the property, moves out, or passes away. This feature can provide financial relief for retirees or individuals on fixed incomes who may have difficulty meeting monthly payment obligations.
Retain Ownership of the Home: With a reverse mortgage, homeowners retain ownership of their home. They continue to live in the property and maintain full control over it as long as they comply with the loan terms, which typically include keeping the property in good condition and paying property taxes and insurance.
Flexible Repayment Options: Reverse mortgages offer flexibility in repayment. Homeowners can choose to make voluntary payments if they wish to reduce the amount of interest accruing on the loan. They can also choose to repay the loan in full at any time without incurring penalties. However, it’s important to note that the loan is typically repaid using the proceeds from the sale of the property.
Government Regulated: Reverse mortgages in Canada are regulated by the federal government to protect homeowners and ensure transparency and fairness in the lending process. This includes requirements for independent legal advice, mandatory cooling-off periods, and limits on the amount that can be borrowed based on the property value.
At Esto Mortgage, we specialize in helping homeowners navigate the complexities of reverse mortgages. Our knowledgeable mortgage professionals can provide guidance on the eligibility criteria, explain the loan terms and conditions, and assist in evaluating whether a reverse mortgage is the right financial solution for your specific circumstances.
Contact us today to discuss your financial goals, explore reverse mortgage options, and receive personalized advice tailored to your needs. We are dedicated to helping you make informed decisions about your home equity and leveraging it to enhance your retirement years and achieve financial security.

Need a Visa Application?

Free and Quick Mortgage Approval

FAQ Form

Mortgage process made easy

Membership with these reputable organizations demonstrates our adherence to strict codes of conduct, ongoing professional development, and continuous education. It also serves as a testament to our credibility and the quality of service we provide to our valued clients.

0 +

Satisfied Client

0 +

Multiple Locations

0 % +

Success Rate

0 + +


"Estro Mortgage truly stands out in the mortgage industry. Their consultants are not only knowledgeable but also compassionate. They took the time to understand my unique situation and provided tailored solutions that best suited my needs. Their expertise and commitment to excellence are unmatched, and I am grateful for their unwavering support. I highly recommend Estro Mortgage to anyone in need of mortgage services."


"Choosing Estro Mortgage was the best decision I made for my Canadian mortgage journey. Their consultants guided me with expertise and patience, addressing all my concerns and providing timely updates. Their personalized approach made me feel valued as a client. Thanks to Estro Mortgage, I am now happily settled in Canada. I highly recommend their services."

Raveena K

"Estro Mortgage played a crucial role in helping me navigate the complex Canadian mortgage system. Their team provided me with accurate and up-to-date information, ensuring that my application was strong and well-prepared. Their professionalism and attention to detail gave me the confidence I needed throughout the process. I highly recommend Estro Mortgage to anyone seeking reliable mortgage services."

Rakesh S

"I cannot express enough gratitude to Estro Mortgage for their outstanding services. From the initial consultation to the final visa approval, their consultants were incredibly knowledgeable and dedicated. They went above and beyond to ensure that my application was prepared meticulously and submitted on time. I am now living my Canadian dream, all thanks to Estro mortgage ."

Lisa M

"Thanks to estro mortgage , I successfully achieved my goal of immigrating to Canada. Their team of experts provided me with excellent guidance and support throughout the entire process. They were thorough, professional, and always available to answer my questions. I highly recommend estro mortgage to anyone looking for a trusted mortgage partner."

Sarah L

Estro Mortgage

At Estro Mortgage, we prioritize clear and transparent communication. We understand that obtaining a mortgage involves making important financial decisions, and we are here to provide you with the information and guidance you need to make well-informed choices. We will walk you through each step of the process, ensuring you understand the terms, conditions, and implications of your mortgage.