Reverse Mortgage

Unlock the Value of Your Home—Without Selling

A reverse mortgage allows Canadian homeowners aged 55 and over to access the equity in their homes tax-free, without selling or making monthly mortgage payments. It’s a flexible financial tool that can help fund retirement, cover expenses, eliminate debt, or support loved ones—all while staying in the home you love.

To qualify, you must be at least 55 years old, own your home as your primary residence, and have sufficient equity built up. If more than one person is on the title, each must meet the age requirement.

With a reverse mortgage, you can access up to 55% of your home’s value, without impacting your government benefits. There are no monthly payments—the loan is repaid only when you sell your home or pass away.

Whether you're looking to boost monthly cash flow, avoid downsizing, fund renovations or travel, or give your children an early inheritance, a reverse mortgage could be the solution.

Will I still own my home with a reverse mortgage?

Yes, you remain the full owner of your home with a reverse mortgage.

Just like a traditional mortgage, your name stays on the title, and you keep full control of your property. The lender simply places a lien on the home as security for the loan. You continue to live in your home for as long as you choose, and the loan is only repaid when you sell, move out, or pass away.

Do I need to make payments with a reverse mortgage?

No, you don’t need to make any monthly mortgage payments with a reverse mortgage.

One of the biggest advantages of a reverse mortgage is that repayment is deferred. The loan, plus interest, is only repaid when you sell your home, move out, or pass away. Until then, you can enjoy the equity you've built—without the pressure of monthly payments.

Can I lose my home with a reverse mortgage?

No, you won’t lose your home as long as you meet the basic requirements of the reverse mortgage.

You remain the legal owner of your home and can live in it for as long as you choose. The only conditions are that you continue to maintain the property, pay your property taxes, and keep home insurance up to date. As long as these responsibilities are met, you cannot be forced to sell or move out.

At Valko Financial, we ensure you fully understand your rights and responsibilities—so you can move forward with confidence and peace of mind.

I recently met with Tracy Valko to review my house mortgage as I was about to enter retirement. I left that meeting feeling very at ease and satisfied that my concerns and needs were not only well take care of with a new plan of attack, but also in that emotionally, Tracy left me feeling acknowledged and appreciated for how my income stream was about to change in ways I had never experienced. I would recommend Tracy and her team for any mortgage planning and in fact, any financial planning period.

Craig Dubecki

10 days ago

Adding to my review as it has been 8 years since first working with Tracy for home financing. I recently went through the renewal process with Tracy and had again a wonderful experience. Tracy really helps me to understand every step of the process in a way that is not intimidating or overwhelming. She has built my confidence in understanding home financing and how to educate myself for making the best decisions. Tracy and her team are approachable and available and I have never had a question go unanswered. They are knowledgeable and efficient and I really working with this team. Thank you Tracy and team!!! I had the pleasure of working with Tracy to obtain financing for my first home. Being new to the housing market was intimidating, however Tracy made me feel comfortable and allowed me to ask as many questions as needed. Tracy is very knowledgeable about the field she works in, and I truly felt like she was looking after my best interest and providing me with helpful support. I have since referred other friends purchasing their first home to Tracy as I know they are in good hands! Thanks Tracy!

Lindsay H

8 years ago

Switching brokers was the best decision I could have made. Tracy and her team are truly wonderful. They patiently answered all of my questions—and there were many—while guiding me through every step of the process to ensure I was fully informed. A special shout-out to Samantha for her incredible support! I felt valued throughout the entire experience and know I am in excellent hands with Valko.

Amanda G

11 days ago

Let’s Talk About What’s Possible

Retirement should feel secure — not stressful.
Let’s explore if a reverse mortgage is the right fit for your lifestyle and future.

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