55 Or older? Own Your Home? A Keswick Reverse Mortgage Maybe?
Stay in the home you love along Cook’s Bay while accessing tax-free cash—our local mortgage team can help.
Get Your Free ConsultationNo-hassle, No-obligation. Your info is safe, and you’re in control.
Our Ontario Lending Advantage
Fast
Lending Approvals
Low Rates
Some of the lowest rates anywhere
98%
would recommend us
No-Obligation
free, no-hassle conversation
Why Keswick Homeowners Choose Our Reverse Mortgage Team
As home prices continue to rise throughout York Region and Keswick, a reverse mortgage can unlock up to 55 % of your home’s value—tax-free—and with zero monthly payments.
Our experienced Mortgage Team will walk you through your options and solutions, lay every cost out in plain language, and keep your estate fully safeguarded. Because our team lives and works everywhere from Queensway South to De La Salle Park, we know the Keswick market inside out and can match your retirement goals to the best local strategy.
> More Keswick Mortgage Services
FAQs for Reverse Mortgages in Keswick, Ontario
How does a reverse mortgage work in Keswick?
We lend up to 55 % of your home’s appraised value and deposit the funds as a lump sum or in installments—no monthly payments required. Interest rolls up, and you repay the balance only when you sell, move, or your estate settles, just like neighbours on The Queensway North who funded major renovations without dipping into RRSPs.
Will we still own our Keswick home?
Absolutely—title stays in your name, and you remain listed with the Town of Georgina just as before. The lender simply registers a mortgage charge, so you keep full ownership and control over whether or when to sell.
Are reverse-mortgage proceeds taxable?
No—under Canadian law the money is a loan advance, so it’s tax-free and doesn’t affect CPP, OAS, or GIS. Many of our clients use funds for upgrades ahead of the annual Painted Perch Festival or to help kids with down payments—all without triggering extra income tax.
What happens when we move or pass away?
Your estate (or you, if you relocate) repays the loan and accrued interest from the sale proceeds. Because reverse-mortgage providers guarantee you never owe more than the home’s value, your heirs keep any remaining equity—important peace of mind for families in Willow Beach or Sutton.
What fees should we budget for?
Expect an appraisal (≈ $300), independent legal advice, and a one-time setup fee that we can roll into the mortgage when possible. We review every cost upfront and often refund the appraisal for waterfront homes near Claredon Beach Park because strong valuations keep loan-to-value ratios low.
Please note: it’s always best to get in touch with our team so we can answer any specific questions and ensure the information is 100 % accurate for your situation.
