Reverse mortgage Hamilton - access your home equity tax-free
A reverse mortgage lets you turn your home's equity into tax-free cash with no monthly payments required. Stay in your home, on your terms.
Looking for a reverse mortgage in Hamilton, Ontario? Work with Amanda Greville, a licensed Mortgage Agent Level 2, helping homeowners 55+ access their equity across Ontario.
Is this right for you?
Homeowners who benefit most from a reverse mortgage
You've worked hard for your home. A reverse mortgage is one way to let it work for you.
You want to stay in your home through retirement
You love where you live and don't want to sell or downsize just to access cash.
Your monthly income doesn't reflect your wealth
Your home may be worth hundreds of thousands, but your pension or retirement income feels tight.
You're carrying debt that's eating into your retirement
Credit cards, lines of credit, or an existing mortgage that's draining your cash flow every month.
You need funds for renovations, income, or family
Whether it's adapting your home for your needs, supplementing retirement income, or helping family - your equity can fund it.
The benefits
What a reverse mortgage gives you
- ✓ Access up to 55% of your home's value as tax-free cash
- ✓ No monthly mortgage payments required - ever
- ✓ You keep full ownership of your home and stay on title
- ✓ Funds don't affect your OAS, CPP, or GIS benefits
- ✓ Receive as a lump sum, scheduled payments, or both
- ✓ No negative equity guarantee - you (or your estate) will never owe more than your home is worth
- ✓ Use the money however you choose - no restrictions
How it works
The reverse mortgage process
It's simpler than most people expect. Here's what happens from start to finish.
01
Free consultation
We discuss your situation, goals, and whether a reverse mortgage is the right fit. No pressure, no obligation.
02
Home appraisal
A professional appraisal determines your home's market value, which helps determine how much equity you can access.
03
Receive your funds
Once approved, you choose how to receive your money - lump sum, scheduled payments, or a combination. Funds are tax-free and yours to use however you wish.
Find out how much you could access
No cost, no obligation - just a clear picture of what's possible for your home.
Book a free consultationQualifying
Do you qualify?
Reverse mortgage qualification is simpler than a traditional mortgage. Your income and credit score are not primary factors.
Age
You (and your spouse, if on title) must be at least 55 years old. The older you are, the more you may qualify for.
Home
Your home must be your primary residence in Canada and in good condition. Most home types qualify - detached, semi, townhouse, or condo. You'll need to keep your property taxes and homeowners insurance current.
Existing mortgage
You can still qualify if you have a mortgage - the reverse mortgage pays it off first, and any remaining funds are yours.
Real results
What homeowners are saying
"Amanda is a honest, respectful, loyal and hard worker. She is so nice to deal with on both a personal and professional level."
"Amanda has gone above and beyond with all of our mortgage needs! There are no words for how efficient, caring, patient and helpful she truly is! She has helped our family through so many things."
"Amanda was awesome! Very informative and was always available to answer our questions."
Message from
Amanda Greville
A reverse mortgage is one of the most misunderstood mortgages in Canada. As a Certified Reverse Mortgage Specialist, I've seen firsthand how accessing home equity can transform retirement for homeowners who feel cash-poor despite owning a valuable home.
My job is to walk you through your options clearly and honestly, with no pressure. If a reverse mortgage isn't the right fit, I'll tell you. If it is, I'll make the process simple and stress-free.
Book a free consultationFrequently asked questions
How much can I borrow with a reverse mortgage?
You can access up to 55% of your home's appraised value. The exact amount depends on your age, the location and type of your home, and its current condition. The older you are, the more you typically qualify for.
Do I still own my home?
Yes. You keep full ownership and stay on title. The lender will never force you to move or sell. You just need to maintain your property and keep property taxes and insurance up to date.
What happens when I sell the home or pass away?
The loan is repaid from the proceeds when the home is sold. After repayment, all remaining equity belongs to you or your estate. On average, reverse mortgage customers still have over 50% of their home's equity remaining when they sell.
Will a reverse mortgage affect my government benefits?
No. The money you receive is tax-free and does not affect your Old Age Security (OAS), Canada Pension Plan (CPP), or Guaranteed Income Supplement (GIS) payments.
Can I get a reverse mortgage if I still have a regular mortgage?
Yes. The reverse mortgage pays off your existing mortgage first, and the remaining funds are yours. This also means you eliminate your monthly mortgage payment - which is often one of the biggest benefits for homeowners still carrying a balance.
What does it cost?
Working with Amanda is free. Lender costs typically include a closing fee (around $1,795 for most clients), a home appraisal, and independent legal advice. These fees are usually deducted from the mortgage proceeds rather than paid out of pocket.
Does my spouse need to be 55 or older too?
Yes - all homeowners on the title must be at least 55 years old to qualify. If one spouse is under 55, the reverse mortgage isn't available until both meet the age requirement.
Ready to see what your home equity could do for you?
A free, no-pressure conversation about your options - before making any decisions.
Book a free consultation