Home financing solutions for older Canadians
Your home equity may give you several ways to improve your lifestyle.
Longer, healthier lives are making retirement more costly for Canadians. Traditional retirement plans often were not built to absorb the added financial demands of greater longevity, which can create real uncertainty and stress. Used as part of a financial plan, home equity may ease that pressure and support a better lifestyle. Here's how to explore it.
Your plan in three stages
Move ahead with clarity.
01
Begin exploring early
Accessing the equity accumulated in your home involves many considerations. Starting sooner gives you more time to make a well-informed choice, and speaking with us never creates pressure or an obligation to proceed.
02
Review your financial picture
We'll assess your circumstances and identify sensible next steps. If you are over 55 with substantial home equity, your choices may include conventional mortgage financing, a home equity line of credit, or a reverse mortgage.
03
Use your equity to support your life
People access home equity for many different reasons. The aim is to put the wealth you've worked hard to build toward the life you want and enjoy the freedom your own money may provide.
The home where you raised your family may also help support your retirement
We'll show you what that could look like.