Retire in your own home!

Canadian homeowners 55 and older can access up to 55% of their home’s value.

Reverse Mortgage

Reverse Mortgage for Canadians

Turn the equity you’ve built in your home into an additional source of income or cash with a Square Capital brokered Reverse Mortgage. A Reverse Mortgage allows Canadian homeowners aged 55 years and older to access up to 55% of their hard-earned home equity tax-free in one lump sum or regular installments without having to sell their homes.

0 +
Mortgage Lenders
0 s
of Satisfied Customers

Mortgage Solutions in Toronto, GTA and across Ontario

What to consider with a Reverse Mortgage

Reverse Mortgage

An option available to homeowners 55 and older are reverse mortgages that provide access to the home’s equity without having to sell. Reverse mortgages allow homeowners to borrow up to 55% of the value of the home. The concept of this mortgage is essentially a reverse loan that means there are no repayments required. Payments to homeowners will be made either in monthly payments or in a lump sum payment. Homeowners will pay the reverse mortgage loan when they move, sell or the last borrower passes away. Typically, the interest rate is higher, and there are fees additional associated with reverse mortgages.

Retire in the Home You Love

One of the benefits of a Reverse Mortgage is that it allows you to continue living in the home you know and love while turning your home’s equity into income you want or need. This financing solution won’t disrupt your lifestyle in the slightest. It will allow you to make the renovations your home needs so you can enjoy your retirement in the comforts of the home you’ve made for yourself – all while retaining ownership of your property and not having to worry about monthly mortgage payments. 

With a Reverse Mortgage loan, you’ll be able to invite family and friends over to the house you’ve made memories in for years to come. Retirement provides you with the ultimate freedom to live your life the way you want. Call Square Capital today to apply for a Reverse Mortgage today and kick start your retirement.

Apply today to experience the Square Capital difference. You’ll see why we are one of Toronto’s top mortgage brokers for bad credit, no credit, and great credit. 

Benefits of a Square Capital Brokered Reverse Mortgage

Reverse mortgages are a flexible financing solution, there are plenty of advantages to a Square Capital brokered Reverse Home Mortgage:

Ownership: You continue to own your home with a Square Capital brokered Reverse Mortgage. Moving is a hassle, and we know how important it is to retire in the home you love.

Flexibility: You choose how you want the reverse mortgage to work for you. Reverse mortgages allow access to equity with either a lump-sum payment or monthly instalments. Enjoy the freedom of choice with how your home’s equity will work for you.

Tax-free cash: Canadian reverse mortgages let you turn your hard-earned home equity into tax-free cash.

Retirement: Experience retirement the way you want. Travel, renovate your home, pay off your debts, or use your money to do whatever you want!

Repayment options: No monthly mortgage payments are required.

Choices: Cash advance and repayment options. We’ll figure out a plan that works for you together.

Leverage: Because you own your home, your credit score doesn’t matter as much. Whether you have good credit or bad credit, your home is truly an asset.

Access the Money You Need

Reverse Mortgages are for seniors who want to maintain their financial independence and security well into their retirement while keeping their family’s future a priority. You will be able to use this financing solution to support your family, invest in your grandchildren’s education, cover everyday expenses, pay off debt, make renovations to your home, and so much more.

You will have complete freedom to do whatever you like because a Square Capital brokered Home Equity Reverse Mortgage puts the cash you need directly into your pocket. 

Questions about Reverse Mortgages

Are you ready to get your mortgage?

Contact us today to get a free quote. We will help you understand the current market conditions affecting the mortgage market! Prequalify without affecting your credit!

Innovative Mortgage Solutions

Simple and Quick Mortgage Loan Approvals

Bad Credit

Life doesn’t always go as planned. We help get your finances in order while boosting your credit score.

Debt Consolidation

Put mortgage money back into your pocket, regardless of bad credit. We offer consolidation loans with prime and private lenders.


We know it’s complicated proving income earned and work with lenders who understand this.

First-time Homebuyers

With access to many options, we help navigate and secure suitable mortgages possibilities

The Square Capital Steps

There’s plenty to discuss and go over before you decide which solution works best for you.
Square Capital Mortgage Brokerage will work with you to accomplish the following:

  1. Calculate the loan amount you’re eligible for.
  2. Determine whether you want a one-time lump sum advance or recurring monthly advances.
  3. Outline your ongoing property-expenses. This will help us determine what financing solution works best.
  4. Determine whether a fixed or variable interest rate is better for your financial needs.
  5. Help prepare you for the process of changing your mortgage type and interest rate term.

Our Mission

Why People Choose Us

Fast/Quick Mortgage

Have your mortgage within 24 hrs, subject to terms and conditions

Best Rates, Flex Terms

Competitive mortgage loan rates with flexible 3 to 12-month terms

Rebuild Credit

Boost your credit within 90 to 120 days

Custom Payment Plan

Partial or zero payments for up to 12 months

How We Can Help

As one of Toronto’s leading reverse mortgage brokerages, Square Capital is here for you from the beginning of your application until your tax-free money is in your account. There are plenty of options to choose from, so our team will help you decide which reverse mortgage solution best suits your needs.

What Type of Canadian Reverse Mortgage Works Best for You?

Square Capital offers two distinct Reverse Mortgages for you to choose from – fixed terms and variable terms. 

Our variable term rates are determined by the lenders’ prime rate, which is affected when the Bank of Canada adjusts its benchmark rate. It is called a ‘variable term rate’ because it may fluctuate up or down over the course of your reverse mortgage term, so the interest rate is not locked in. 

Our fixed term rate is locked in for the term of your Reverse Mortgage financial solution. Square Capital offers fixed-rate reverse mortgages from different lenders in six-month, 1-year, 3-year, and 5-year periods, so you can choose the mortgage solution that works best for you. 

Choose the Payment Option That Works for You

Having flexibility with how you receive the funds from your Reverse Mortgage is essential. Everyone’s situation is different, and we want to be able to help you no matter what. You can choose to receive a one-time lump sum payment, monthly recurring payments, or a combination of the two.

The following lists the features of both of these options: 

One-Time Lump Payment

  • You take the entirety of your maximum eligible amount up-front. This option gives you all your money at the very beginning.
  • You have the choice between an adjustable or fixed interest rate term.
  • Depending on your situation, you may be eligible for lower Lump-Sum interest rates.
  • This option is ideal if you need a large amount of money in your pocket quickly for the near future.
Recurring Payments

  • A periodic payment is deposited directly into your account on a schedule of your choosing.
  • Only available for adjustable interest rate terms.
  • This option is subject to the adjustable interest rate in effect at the time of each deposit.
  • This option is ideal for those who would like an additional and consistent income source for the future.

Related Services Offered

Financing Options

Home Equity Line of Credit (HELOC)

Access your home’s equity to use as much as you need and only pay the interest.

Read More

Private Mortgage

For different life situations, private lenders help with access to short-term, interest-only mortgage loans.

Read More

Debt Consolidation Mortgage

Put more money back into your pocket, regardless of bad or poor credit.

Read More

Second Mortgage

An alternative option for homeowners to access their home’s value to consolidate high-interest debt, without paying penalties.

Read More

Other financing options

Homeowners who do not meet the requirements of qualifying for a reverse mortgage, but need a debt consolidation mortgage, or financing solutions, can consider other debt consolidation options. Depending on the product, these options may have slightly higher interest rates.

Home Equity Line of Credit (HELOC)

There are different products that provide flexibility for the most suitable mortgage loan options such as home equity lines of credit or HELOC. A HELOC still enables access to the home’s equity, just in a different way. Instead of a single (or lump sum) payment, a HELOC provides on-going access to a certain amount of money, similar to a credit card, with a lower rate. The amount of the HELOC depends on the value of the home.

The benefit of a line of credit is that payments are interest-only payments and homeowners can access it when needed. Downsides include variable interest rates and access to the total amount of the HELOC, which could lead to more unwanted mortgage debt. That being said, there are opportunities to lock in rates to protect monthly mortgage payments.

Private Mortgage

When homeowners cannot qualify for a mortgage to refinance through a bank mortgage debt consolidation or a home equity line of credit (HELOC), private mortgages may be an alternative. Since private mortgage lenders will secure a mortgage debt consolidation against a home, the interest is usually lower than high interest debts like credit cards.

Private lenders usually charge a higher interest rate and fees than a bank, given the higher level of risk, however, this option still reduces interest costs over time. This is because these lenders understand that situations exist such as quick turnaround for financing, bad credit, stated income, and non-conventional properties.

Typically, private mortgages are shorter-term products and only require the interest portion to be repaid. Private lenders evaluate risk differently than traditional lenders and will consider the borrower’s ability to repay which is beneficial to self-employed and people with bad credit. Private lenders can also provide debt consolidation options through second mortgages.

Second Mortgage

Borrowers unable to qualify for a mortgage refinance leveraging equity, could consider a second mortgage. A second mortgage will provide the option to consolidate loans with higher interest into a lower rate option. While interest rates for second mortgages tend to be higher, it will save money on interest costs over time. Speak to a mortgage broker to understand the costs associated with a second mortgage.

Learn more about leveraging home equity for products such as mortgage refinance, home equity lines of credit (HELOC), and second mortgages.

Budget Planning and Expense Tracking

While products like debt consolidation mortgages, HELOCs, and private mortgages are tools to financial freedom, managing debt is the key to success. Practicing better money management in daily life like budgeting, monitoring spending, and saving. There are many free online apps that can support homeowners to achieve financial freedom and get better at managing money.

Get Started with a Reverse Mortgage

To understand if a reverse mortgage or other financial solutions such as a HELOC could be suitable options to consolidate debts, and help get your life back on track, contact Square Capital Mortgage Brokerage. We understand each case is unique and there are many factors to consider including homeowners with bad credit or low income. Unlike traditional lenders like banks and financial institutions, with very strict lending terms, Square Capital works with over 50 lenders, including private lenders, to find the right solution for our clients. Our expert mortgage brokers and agents will help to find solutions to lower your monthly payment and reduce or stop the interest on your debt. Lower monthly payments every month reduces the chances of financial default while improving your credit and managing your money wisely.

Questions? We’ll Put You On A Right Path!

Contact us today to get a free quote. We will help you understand the current market conditions affecting the mortgage market! Prequalify without affecting your credit!

Mortgage Application

Once the form is submitted, we will contact you to discuss your needs and to answer any of your questions.