Unlock Newmarket Home Equity With Reverse Mortgage Solutions
Access up to 55 % of your home’s value tax-free and stay in the community you love—from Fairy Lake to Upper Canada Mall.
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
Reverse Mortgage Solutions Tailored for Newmarket Homeowners
We’re long-time Newmarket mortgage professionals who live and work along the Yonge Street corridor.
Our mortgage team walks you through your reverse mortgage options, compares rates in real time, and ensures your estate stays protected—so you can enjoy retirement cash flow without leaving the 905.
> More Newmarket Mortgage Services
FAQs for Reverse Mortgage Solutions in Newmarket, Ontario
How much of my Newmarket home’s value can we unlock?
We can typically arrange up to 55 % of your home’s current appraised value through CHIP® or Equitable Bank. The exact amount depends on your age, your property’s condition, and where it sits—from Glenway Estates to Stonehaven.
Do we still own our home after taking a reverse mortgage?
Yes—we remain on title, and we can stay in our home as long as we like. The loan is repaid only when we sell, move out, or the last borrower passes away.
What costs should we budget for?
Expect appraisal, independent legal advice, and closing fees—usually totalling $2,000–$2,500. We outline every cost upfront so there are no surprises when you sign at a Main Street law office.
Will a reverse mortgage affect our OAS or CPP benefits?
No—reverse-mortgage funds are considered tax-free loan proceeds, so they don’t impact Old Age Security, CPP, or Guaranteed Income Supplement payments. That keeps more cash in our pocket for Saturday mornings at the Farmers’ Market.
What happens if we move to another city or downsize?
The reverse mortgage becomes due when we sell the Newmarket property. Any remaining equity—after settling the loan and interest—comes back to us for the next home in, say, Aurora or Barrie.
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.
