Myth: "The Bank Will Take My Home"

"If I take out a reverse mortgage, the bank will take my home." 53% of Canadians think this — but it's not true.

A reverse mortgage is a loan secured against your property, not a sale of your home. You keep ownership. You continue living in your home and keep control of it, as long as you meet the terms of the agreement.

The funds can be used for retirement expenses, renovations, debt repayment, medical needs, or helping family — without selling your home.

Every situation has its own conditions, costs, and repayment requirements. That's why it's important to get a clear, personal consultation in advance.

Want to know whether a reverse mortgage suits you? We'll calmly explain all the benefits, costs, and obligations.