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Funding Your Retirement

Reverse Mortgages in Ottawa, ON

Your home is more than just a place to live — it’s a valuable financial asset that can help secure your future. At Raoul Hunt, we help Canadians unlock the equity in their homes to create a steady source of income and support a comfortable retirement lifestyle.

Whether you’re nearing retirement or already enjoying it, our mortgage experts provide personalized financial solutions that align with your goals. From refinancing to reverse mortgages, we make the process simple, transparent, and built around your long-term security.

Plan your retirement with confidence — add my Mortgage Toolbox to explore your home equity options, estimate your borrowing power, and take the next step toward lasting financial freedom.

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Mortgage Solutions We Offer

Expert guidance. Clear options. Mortgage solutions tailored to your financial goals

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Home Purchase Mortgages

Make your home purchase simple and stress-free. We help you compare lenders, understand your options, and secure the right mortgage based on your budget and long-term goals.

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Debt Consolidation Mortgages

Combine your debts into one simple, affordable payment. We help you use your home equity to lower interest rates, reduce stress, and take control of your finances with ease.

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Renewing Your Mortgage

Don’t just auto-renew. We shop with multiple lenders to find better rates and flexible terms that fit your goals, helping you save money over the life of your mortgage.

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Retirement Mortgage Planning

Use your home equity strategically to enjoy a secure and comfortable retirement. More and more Canadians are entering retirement with a mortgage by design — leveraging their home equity as a tax-free source of funds. We’ll help you explore smart mortgage strategies that protect your lifestyle, preserve your wealth, and support your long-term financial well-being

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Mortgage Refinancing

Refinance with confidence. We help you review your existing mortgage, explore refinancing options, and understand how refinancing may support broader financial strategies — whether that involves adjusting payments, accessing equity, or aligning your mortgage with future goals.

Many companies that offer reverse mortgages have no negative equity guarantee, which means you can never owe more than your house is worth. To offer these guarantees, the amount of equity you are allowed to access is based on several factors, including:

– Appraised value of the property
– Location of the property
– Age of the youngest homeowner

There are limited income requirements to obtain a reverse mortgage. Ultimately, the lenders want to ensure that the borrowers can pay the property taxes and maintain the home with their own funds. In some cases, the lenders would be able to hold back a certain amount of funds and would release them on an annual basis to cover off-property tax payments.

Pros of a Reverse Mortgage

  1. Access to tax-free Cash: Reverse mortgages can provide access to cash you may need for retirement or unexpected expenses. You can receive the money in a lump sum or monthly payments, depending on your preference.
  2. No Monthly Payments: With a reverse mortgage, you don’t need to make any monthly payments. Now, if you would like to make payments, you also have that option. This can provide a sense of financial security for folks over 55 years of age who may be living on a fixed income.
  3. Stay in Your Home: A reverse mortgage can allow you to stay in your home and access the equity you’ve built up over the years.
  4. Helping your loved ones: Many individuals utilize reverse mortgages to help their loved ones with a down payment for a home or make other investments.
  5. Your home does not have to be paid off: More and more people are entering retirement with the mortgage still in place.

Cons of a Reverse Mortgage

  1. High-Interest Rates: Reverse mortgages typically come with higher interest rates than traditional mortgages, which can lead to a significant amount of interest over the life of the loan. It is important to know that the ownership of the home stays with you so as your home gains value, it does offset some of the interest.

  2. Reduced Equity: As you receive payments from your reverse mortgage, your equity in your home decreases. This can limit your options if you sell your home or leave it to your heirs.

  3. Fees and Charges: There are upfront fees and charges associated with a reverse mortgage, such as appraisal fees, legal fees, and closing costs. These costs can add up and reduce the amount of money you receive from the loan.

Tango Financial (ON)Brokerage License Number: #13691

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