Barrie’s Trusted Reverse Mortgage Experts
Turn your equity into tax-free cash while staying in the community you love
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Tap Into Your Barrie Home Equity With Confidence
We help homeowners 55 + convert idle equity into steady, tax-free income, without selling the family home near Dunlop Street or moving away from Kempenfelt Bay sunsets. Our local team compares Canada’s leading reverse-mortgage lenders so you keep more of your wealth.
From lump-sum payouts for renovations to monthly deposits that top up CPP and OAS, we handle the paperwork, independent legal advice, and appraisal coordination while you enjoy Saturdays at the Barrie Farmers’ Market.
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FAQs for Reverse Mortgages in Barrie, Ontario
Who qualifies for a reverse mortgage in Barrie?
We can help homeowners aged 55 + with at least 50 % equity qualify. Your credit score doesn’t matter—lenders focus on the value of your Mapleview-area home and its long-term market outlook.
Do we have to make monthly payments?
No. Interest simply rolls into the balance, so you keep your cash flow for waterfront strolls along Lakeshore Drive. You can repay at any time without penalty after five years.
Will a reverse mortgage affect OAS or GIS benefits?
Because proceeds are considered loan advances—not income—your Old Age Security and Guaranteed Income Supplement remain intact. It’s a popular strategy for retirees in Barrie’s east end.
How much can we borrow against our home?
Most clients access 15 – 55 % of their property value, depending on age, home type, and location. Bungalows near Ardagh Bluffs often qualify for higher limits thanks to strong resale demand.
What happens to our estate when we pass away?
Your heirs keep the remaining equity after the loan is repaid from the sale or refinancing of the property. Thanks to Canada’s “no-negative-equity” guarantee, your family will never owe more than the home’s fair-market value.
Please note: it's always best to get in touch with our team to make sure each specific question you might have we can answer to you directly to ensure 100% accurate information.
