Every situation is different. We start with yours, find the way forward and take care of the rest.
We work with lenders who care more about the equity in your home than your income or credit score. Tell us what’s going on, and we’ll match you with the right one.
Credit cards and other balances, brought together in one refinance. Their payments dropped by $3,605 a month, and that money now stays in their budget.
The city was threatening to send their house to auction. We got them financed, paid off the arrears and helped them rebuild their credit. Today they have a new first mortgage, and they’re still home.
From Lighthouse clients, with names left out for privacy. Your numbers will depend on your home, your lender and your situation.
From our Google reviews, in their own words.
“I had an amazing experience working with Marko as my mortgage broker! He was incredibly helpful, professional, and responsive throughout the entire process. He worked quickly to help me secure my mortgage and made what could have been a stressful and overwhelming experience feel smooth and straightforward.”
“Matthew was wonderful to work with. He remained calm and collected every moment of our transaction (Even when I became emotional) and handled everything with the professionalism and integrity. Highly recommend Matthew and the team at Lighthouse Lending!”
“I had a great experience working with William at Lighthouse Lending during my remortgage. Will was very easy to deal with, always responded promptly to my calls and texts, and took the time to explain any concerns I had along the way.”
Matthew
Will
MarkoRetired, or close to it. A fixed income that doesn’t stretch like it used to. Whatever’s going on, we’ve seen it before, and we won’t judge.
We started Lighthouse so Ontario homeowners would have someone in their corner who listens first. We’ll tell you plainly what’s possible, lay out your options and stay with you until your mortgage closes.
See what I qualify forWhatever brought you here, we can help. Pick the one that fits, and we’ll take care of finding the right solution.
Three steps, and you only have to do the first one.
Answer a few quick questions, or call. We start with what you want the money to do, not a pile of forms.
No judgementWe know the reverse mortgage lenders and how each one works, so we match you with the one that fits and walk you through why.
No pressureOnce you say yes, we handle the lender and the paperwork through to closing. Before anything is signed, a lawyer you choose walks you through it.
You decide when to movePlain answers to every question, before you decide.
It’s a loan secured by the home you already own, for homeowners 55 and older. You take money from the equity in your home, all at once, monthly or a mix of the two, and there’s no monthly payment. The balance, interest included, is repaid when the home sells or you move out for good. Paying some or all of the interest along the way is up to you.
No. The title stays in your name. You can stay for as long as it’s your main home and the property tax and insurance are kept up.
Reverse mortgage lenders go up to 55% of your home’s value. Age matters most: the older you are, the higher the share. Your number also depends on the type of home, where it is and the lender that fits. A quick call will tell you.
The home is sold and the sale repays the loan plus interest. Whatever is left goes to you or your estate. Your family can also keep the home and repay the loan another way, usually within 6 to 12 months. Your estate won’t owe more than the home sells for, because reverse mortgages in Canada come with a no-negative-equity guarantee.
No to both. The money is borrowed, not earned, so it isn’t taxed or counted as income. OAS, CPP, GIS and other income-tested benefits stay as they are.
Talking to us doesn’t affect it. We ask before any step that involves a credit check.
Let’s talk it through. Tell us what’s going on and we’ll show you your options and take care of the rest. It costs nothing to get good advice.
