Best Reverse Mortgage Rates

Let us help you find the best reverse mortgage rate.

In the realm of financial planning, reverse mortgages have emerged as an innovative solution for homeowners, especially high net worth individuals, seeking to access the equity in their homes while maintaining ownership.

“Everything was very clear, and well explained. The financial projections showing the implications in different scenarios were clear. It was adaptable to our situation.”

Arnold Dwinski

5 Year Fixed Rates

As of May 4, 2024

7.14%

7.24%

7.39%

7.49%

What are the benefits of a Reverse Mortgage?

Unlike traditional mortgages that require monthly payments, reverse mortgages allow homeowners to receive funds from lenders based on the appraised value of their properties. The unique feature of a reverse mortgage is that repayment is typically deferred until the borrower sells the home, permanently moves out, or passes away.

R

A reverse mortgage enables homeowners to convert a portion of their home equity into tax-free cash.

R

No monthly mortgage payments are required with a reverse mortgage.

R

The funds from a reverse mortgage can be received either as a lump sum or in regular installments.

R

Homeowners retain ownership of their home while accessing the funds.

R

The loan is typically repaid when the homeowner sells the property, moves out, or passes away.

R

Up to 59% of the home's value can be borrowed through a reverse mortgage.

R

Increased Income

Are you eligible?

R

You are 55+

R

The property is owner-occupied

R

Your home is your principal residence

R

You live in Ontario, Quebec, British Columbia, or Alberta

R

All title holders apply as joint borrowers (ON, AB, BC)

Reverse Mortgage Assessment

Complete the questionnaire below to get your FREE Reverse Mortgage Quote.

Assessment
Are you over the age of 55?

What can you use your reverse mortgage for?

Debt Consolidation

Renovations

Vacation Home

Gifted Down Payment

Tax Free Cash Flow

Tax Free Investments

From Our Clients

Read through some of our customer/client testimonials.

Kevin Thomas
Kevin Thomas
2023-01-04
I recently worked with Wise Equity for my mortgage needs and I couldn't be happier with the experience. The team at Wise Equity was professional, helpful, and supportive throughout the entire process. They answered all of my questions and made sure that I fully understood every step of the process. They were always available to provide guidance and support whenever I needed it. I highly recommend Wise Equity to anyone in need of a mortgage. They truly went above and beyond to make the process as smooth and stress-free as possible. Thank you Wise Equity!
Andrew Morris
Andrew Morris
2022-04-05
I truly can't thank them enough! They go above and beyond to meet your needs at a fast pace with great communication ! I highly recommend, thanks again !
Kwasi Agyeman
Kwasi Agyeman
2022-03-25
We would recommend Wise Equity to anyone. Leon was our broker and he made sure we close our mortgage. He is so kind and flexible in terms of communication. Leon made an often stressful process quick and pleasant. We’ll always look forward to working with Leon and his team for any future mortgage related situations.
C ABc
C ABc
2021-10-31
It's hard to know where to begin! I was in a very tenuous situation about to lose everything I had earned in my life. I had also tried several other lenders, went through the process and then ultimately dropped with no explanation. So I was extremely hesitant to try another lender when Ejona reached out to me and kindly empathized about my situation asked caring questions about me! I was still very skeptical when,as promised Nathaniel Gardner called. He listened and I will never forget when he said " Let's get you out of this" , my spirit soared. I felt his honesty, sincerity and integrity in just a few words. Over my journey with all at Wise Equity from Nathaniel, Ejona, Patricia and Natalie their actions loomed large with professionalism and tenderness. I was feeling more confident daily as each of my many calls/emails were always answered personally and never went to voice mail or an auto response, I marveled at how all this could be possible! I became a believer when my midnight calls were accepted by Nathaniel and my concerns were solved immediately and that's the way the process went until it was completed. I was never let down once and I'm over the moon with retaining my home. Of course I could sing their praises all day every day but suffice it to say Nathaniel is true to his word and that's his bond. He and his team did "get me out of this". Thank you all so very much. Sincerely Cali
Andre Richards
Andre Richards
2021-10-07
Extremely professional and true masters of their craft.
Daniel Lanouette
Daniel Lanouette
2021-08-26
This was the best service I had in this type of transaction. Thank you Leon
Leah Malcolm
Leah Malcolm
2021-08-10
My clients and I always have a great experience when using Wise Equity, and my last transaction with them was no exception. Nathaniel was able to creatively increase my client's purchasing power which resulted in them being able to purchase their first home! No previous mortgage broker was able to get them the low rate and approval amount desired. He took the time to thoroughly educate my clients throughout the lending process and was always responsive. Any hiccup that arose, that was beyond our control, was quickly remedied by Nathaniel. This resulted in a stress free experience for my clients. I look forward to working with the Wise Equity team again.
Vince Mclean
Vince Mclean
2021-08-04
Nathaniel worked very hard by taking to the bank and lawyers to combine 1 and 2 mortgage to one. He saved me a lot of money .thanks Nathaniel
Flavia Gjebrea
Flavia Gjebrea
2021-07-14
Erda Kaceli
Erda Kaceli
2021-07-14

Be wise with your equity

Discover the benefits of a reverse mortgage! Get approved in minutes!

Independently Owned & Operated
Dominion Lending Centres Forest City Funding | FRSA #10671
1 Commissioners Rd E, Suite 109, London ON N6C 5Z3

Wise Equity Mortgage Solutions.
1-844-416-9473
info@wiseequity.ca
www.wiseequity.ca

Head Office Address: 100 Consilium Place, Suite 200. Toronto, ON. M1H 3E3
Privacy Policy

Designed by © Creative Scope | © Best Reverse Mortgage Rates 2023. All Rights Reserved.