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Who qualifies for a reverse mortgage?

To qualify for a reverse mortgage in Canada, every owner on title must be 55 or older and the home must be your main residence. Lenders look mainly at your age and your home's value, type and location, not your income or credit score.

Age rules

Every owner on title must be 55+. What happens with a younger spouse.

Your home

Main residence rules, property types lenders accept, and minimum home values.

Location

Why lenders treat city, town and rural homes differently.

What lenders don't require

No minimum income or credit score; what they check instead.

Your ongoing obligations

Property tax, insurance and upkeep.

See what you qualify for