Tax-free cash from your home, and you stay in it
Homeowners 55 and over can turn the equity in their home into tax-free cash, with no required monthly payments and full ownership of the home they love.
How a reverse mortgage works
A reverse mortgage lets homeowners 55 and over borrow against the equity in their home and receive it as tax-free cash. You stay in your home, you stay on title, and you keep ownership.
Unlike a regular mortgage, there are no required monthly payments. The balance is repaid later, usually when you sell the home or move out. You keep the equity that remains after it is repaid, and it passes to your estate.
Apply TodayHow much you can access depends on your age, your home value, and your location, and rises the older you are. The rest stays as equity in your home.
Why homeowners 55+ choose a reverse mortgage
Turn the value in your home into freedom, without leaving it.
Stay in the home you love
Age in place in the home and neighbourhood you know, with the cash to enjoy it. No move, no downsizing.
No required monthly payments
Free up your monthly cash flow. The balance is repaid when you sell or leave, not month to month.
Tax-free and yours to use
The cash is tax-free and does not affect your regular income benefits. Spend it however you choose.
What people put it toward
The equity you spent a lifetime building can do a lot in the years ahead.
Top up your retirement income
Give your savings room to last with a steady, tax-free supplement, without selling the home.
Renovate to age in place
Make the home safer and easier to live in for the years ahead.
Help your family now
Support children or grandchildren while you are here to see it.
Cover a large expense with ease
Healthcare, travel, or a one-time cost, handled without disturbing your day-to-day budget.
How it works
Three simple steps from application to tax-free cash.
Apply online
Share a few details about you and your home. It takes minutes and does not affect your credit score.
Review with a specialist
A Lighthouse specialist walks you through how much you could access and answers every question, with no pressure.
Receive your cash
Once approved, your tax-free funds are arranged as a lump sum, regular payments, or both.
Reverse mortgage or another option?
A quick look at how a reverse mortgage compares with two other ways to use your home.
| Reverse mortgage | Selling and moving | Home equity line of credit | |
|---|---|---|---|
| Stay in your home | Yes | No | Yes |
| Required monthly payments | None | Not applicable | Yes |
| Cash is tax-free | Yes | Depends on the sale | Yes |
| Income or credit hurdles | Light | Not applicable | Higher |
| Made for homeowners 55+ | Yes | Any age | Any age |
How much could you access?
Move the sliders for a quick estimate of the tax-free cash you could access, then apply for your exact number.
What Ontario homeowners say
See how Lighthouse Lending has helped Ontario families use their equity.
"After explaining our situation, Kristen found a way to save us thousands. Positive, professional and kind the whole way. Life changing!"
"Fantastic to deal with and very helpful at times when life can feel stressful over finances. I really appreciated the care they put in."
"Matthew was wonderful to work with. Calm and collected, and handled everything with professionalism and integrity. Highly recommend."
Reverse mortgage questions
Everything you need to know before you apply.
Yes. You stay on title and keep ownership of your home throughout. The lender registers a charge against the home, the same as any mortgage, but the home remains yours to live in for as long as you choose.
No. A reverse mortgage has no required monthly payments. The balance, including interest, is repaid later, usually when you sell the home or move out. You can choose to make payments if you wish, but you are not required to.
It depends on your age, your home value, and your location, and generally rises the older you are. We give you an exact number once we review your situation. The rest stays as equity in your home.
Almost always, yes. You keep the equity that remains after the reverse mortgage is repaid, and it passes to your estate. Because home values often rise over time, many families are left with meaningful equity.
Homeowners 55 and over who live in the home as their principal residence. Income and credit requirements are light compared with a regular mortgage, because approval is based mainly on your age, home, and equity.
Put the equity in your home to work
Apply in minutes and get a clear answer fast. No pressure, and no impact on your credit score to see what you qualify for.