Your Dream Retirement
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Unlock the value in your home and enjoy the retirement you deserve—with no monthly mortgage payments.
Get Your Free QuoteWhat Is a Mortgage Holiday?
For homeowners 55 and over
For Canadian homeowners 55 and over, a "mortgage holiday" typically means a reverse mortgage—a financial solution that allows you to access the equity in your home without making monthly mortgage payments.
Think of it as your ultimate mortgage holiday: no monthly mortgage payments for as long as you live in your home, while you enjoy the retirement lifestyle you've earned.
What is a Reverse Mortgage?
A reverse mortgage lets homeowners 55+ convert part of their home's value into tax-free cash, with no monthly mortgage payments required while you live in your home.
Keep Living in Your Home
You remain the owner and can continue living in your home for as long as you wish. Your name stays on the title.
No Monthly Payments
Unlike traditional mortgages, you don't make monthly mortgage payments. The loan is repaid when you sell or move.
Tax-Free Cash
The money you receive is tax-free and can be used for anything—home repairs, travel, healthcare, or simply enjoying retirement.
Simple. Safe. Made for Homeowners over 55.
If you are 55 or older and own your home, a reverse mortgage may help you enjoy more financial freedom. You can access money from your home and stay right where you are.
We explain everything clearly, with no pressure.
How Homeowners Use Their Equity
Whether it's enhancing your lifestyle, taking care of necessities, or helping loved ones, a reverse mortgage provides flexible funds for what matters most to you.
Home Improvements
Renovate your kitchen, update your bathroom, or make accessibility modifications to age in place comfortably.
Debt Consolidation
Pay off high-interest credit cards, loans, or existing mortgages to reduce financial stress and monthly obligations.
Travel & Leisure
Enjoy the retirement you've always dreamed of with trips, hobbies, and experiences you've been waiting for.
Healthcare Costs
Cover medical expenses, in-home care, medications, or treatments not fully covered by insurance.
Helping Family
Support children or grandchildren with education costs, down payments, or other financial needs.
Daily Living
Supplement your retirement income, cover everyday expenses, or simply enjoy a more comfortable lifestyle.
Why Choose a Reverse Mortgage?
No Monthly Payments
You do not make monthly mortgage payments. Stay in your home with no payment stress.
No Appraisal Cost
The lender covers the home appraisal cost. There is no appraisal fee for you to pay.
You Keep Your Home
Your name stays on the title. You own your home and can live there as long as you like.
Some of Our Top Partnership Network
Newbridge Mortgage Inc licensed advisors work in partnership with trusted financial institutions to bring you the best reverse mortgage solutions in Canada.
Home Equity Bank
Canada's leading reverse mortgage provider
Equitable Bank
Trusted financial solutions since 1970
Bloomfin.ca
Modern reverse mortgage solutions
Home Trust
Innovative Canadian lending solutions
The Application Process
Getting a reverse mortgage is straightforward. Here's what to expect at each step of the journey.
Get a quoteonline for free
Submit your applicationwith required documents
Professional appraisalof your home
Review and approvalof your loan
Legal reviewand independent advice
Receive your fundsand enjoy your retirement
Ready to Learn More About Your Options?
See how much you could access with our calculator, or connect with a licensed advisor to discuss your unique situation.