Will I Lose My Home If I Get a Reverse Mortgage?
March 5, 2026 · 3 min read
This is the number one question we hear. And the answer is simple: no. You will not lose your home.
A reverse mortgage is a loan secured against your property — just like a traditional mortgage. The difference is that you don't make monthly payments. Instead, the loan is repaid when you sell, move, or pass away.
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You Stay on the Title
Your name stays on the title. You own the home. The lender cannot force a sale, ask you to move, or take ownership. This is protected by Canadian law and by the terms of every reverse mortgage contract offered in this country.
What You Need to Do
There are three simple obligations to maintain your reverse mortgage:
1. Live in the home as your primary residence. It needs to be where you live — not a rental property or vacation home.
2. Keep the home in reasonable condition. Normal maintenance. No one's going to inspect your kitchen, but you can't let the roof collapse.
3. Stay current on property taxes and homeowner's insurance. These are obligations you already have as a homeowner. Nothing changes.
As long as you do these three things, you can stay in your home for as long as you want. Period.
What Happens When the Loan Ends
When you eventually sell or move, the loan plus accrued interest is repaid from the sale proceeds. Any remaining equity belongs to you or your estate. And remember — the no-negative-equity guarantee means you'll never owe more than the home's fair market value.
Your home is yours. A reverse mortgage doesn't change that.