Stay in the home you love
Unlock tax-free cash from your home equity
If you’re a homeowner, a reverse mortgage can help you turn part of your home’s value into tax-free money — with no regular mortgage payments required.
We’ll help you compare lenders and understand the fine print, with 100% free, private and confidential no-pressure guidance.
Built For Financial Freedom
What a reverse mortgage does
For many elderly clients, their biggest asset is their home. A reverse mortgage is designed to help homeowners 55+ convert some of that equity into tax-free cash while staying in the home they love.
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Pay off an existing mortgage or high-interest debt
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Cover monthly expenses and reduce financial stress
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Renovations for comfort, safety, or accessibility
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Help family now (without selling your home)
How a reverse mortgage works
Simple steps. No pressure. Clear answers.
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Free consultation
We talk through your goals and explain how reverse mortgages work in plain language.
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Compare options
We help you compare lenders and structures (lump sum vs. scheduled payments, etc.).
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Application support
If you choose to proceed, we guide the paperwork and next steps.
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Funding
Receive funds the way you choose (subject to lender terms) and use them for what matters to you.
What you should know
A reverse mortgage can be the right choice.
Reverse mortgages are different from traditional mortgages. Interest is typically higher than a mortgage or HELOC, and the amount owing increases over time as interest is added to the balance. There may also be appraisal, legal, set-up, and closing costs.
You generally repay the balance when you sell, move out, the last borrower passes away. We’ll walk you through the pros and cons, and the alternatives so you can decide with confidence.
Why use Genesis
We’ll compare first — so you don’t have to guess.
At Genesis Reverse Mortgages, our role is simple: help Ontario homeowners understand reverse mortgages clearly, compare lenders thoughtfully, so that clients feel comfortable every step of the way. Our service is 100% free, private, and confidential — and we believe there are no bad questions.
— Serving Ontario homeowners since 1985.
Common questions
Do I still own my home?
Yes — a reverse mortgage lets you borrow against home equity while keeping ownership. You maintain control at all times.
Who is it for?
Typically all homeowners on title must be 55+ with the principal residence being owner occupied. Reverse mortgages are not available on rental properties.
How much can I access?
Often up to ~55% of your home’s value, depending on the owners age(s), appraised value and location of the property, and which lender is under consideration. The key phrase is “up to”. The older the owners are the higher the % loan amount will be. Meaning, someone who is 70 will get a higher loan amount than someone who is 60 compared with the same property.
Do I have to make monthly payments?
Reverse mortgages do not require regular payments. Clients can opt to make monthly contributions towards the accumulating interest with no penalty. OR clients can make interim lump sum payments towards the accumulated interest with no penalty. Each lender has their own separate criteria to be reviewed.
Will this affect OAS/GIS or CPP?
Government guidance notes the money doesn’t affect OAS/GIS or CPP benefits. The money is tax-free, NOT to be considered as income.
When is it repaid?
Typically when you sell, move out, the last borrower dies.
Want to talk it through?
Start with a free, no-obligation call.
Tell us what you’re trying to accomplish — paying off debt, improving monthly cash flow, renovations, or simply more peace of mind. We’ll explain your options clearly and help you compare lenders before you choose.