Reverse Mortgage With Citadel Mortgages

Canada’s top reverse mortgage specialists. We make the process simple.
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Reverse Mortgage With Citadel Mortgages

Access your home equity in tax-free cash. Stay in the home you love, and make no monthly payments.
Get your free estimate now.
Get your free estimate now.
Speak to an expert with no obligations.
Speak to an expert with no obligations.
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How a Reverse Mortgage Works

Unlock the value in your home and turn it to cash to help you enjoy life on your terms. Inquire about your reverse mortgage today.

Get Your Estimate

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How Does A CHIP Reverse Mortgage Work?

A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.

Start With An Estimate

Use our estimate tool or reach out to us for help with an estimate.

Review your options

You're in control. Pick the best option for your needs. We show you the options from both the banks.

Receive Your Funds

Choose either a lump sum, or payments depending on your needs.

Advantages & Benefits

Tax Free Retirement Funds

It is not added to your taxable income so it doesn’t affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) government benefits you may receive.

Use the money as you desire.

Enjoy your retirement, cover unexpected expenses, travel or anything else. Perhaps you want to update your home or help your family our kids with down-payment without depleting your current savings.

No Payments Required

No regular mortgage payments are required while you or your spouse live in your home. The full amount only becomes due when you and your spouse no longer live in the home.

Keep Full Ownership and Control.

You will never be asked to move or sell to repay your CHIP Reverse Mortgage. All that’s required is that you maintain your property and stay up-to-date with property taxes, fire insurance and condominium or maintenance fees while you live there.

Equity Guarantee

Although rare, it is possible that the home sale value falls short of the loan repayable amount. Due to the negative equity gurantee, the amount paid on the due date will not exceed the fair market value of your home.

Get Your Estimate

Free personalized estimate.

Speak to us about your reverse mortgage journey today

Give us a call, we can answer your questions with no obligation.