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A website of Dominion Lending Centres Homestead Financial · Independently Owned and Operated · Brokerage Licence #11711

ReverseMortgageHamilton.ca

Free tool, about two minutes

Is a reverse mortgage right for me? A 10-question check

Ten short questions about you and your Hamilton house lead to one of three answers (worth exploring, compare first, or likely not a fit) along with the reasons behind it.

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  • No cost
  • Doesn’t affect your credit
  • No sales pressure
Question 1

1. How old is the youngest owner on the title?

Question 2

2. Do you live in this house for most of the year?

Question 3

3. Which best describes the property?

Question 4

4. How many more years do you see yourself living here?

Question 5

5. Roughly how much is still owing on the house?

Question 6

6. What would you use the money for?

Question 7

7. Could your income handle monthly payments on a bank line of credit?

Question 8

8. Is leaving the whole house to your heirs a priority?

Question 9

9. Are the property tax and home insurance up to date?

Question 10

10. Have you mentioned the idea to your family?

Questions about this check

What will the result tell me?

Whether a reverse mortgage looks worth exploring, whether a cheaper option deserves a look first, or whether something rules it out. Treat it as a starting point rather than advice for your situation.

Are my answers stored?

No. They exist only in your browser and are cleared when you leave the page.

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