Due to current global economic conditions, Seniors Money Canada is currently not accepting new customers.
Give Yourself a Hand — Apply Now
A Seniors Money Loan is one of several ways to access the equity in your home. Other avenues to consider include the following:
- Trading down to a smaller home
- Renting part of your home
- Using cash in reserve
- Liquidating investments
- Applying for a standard mortgage
A Seniors Money Loan offers a number of benefits and advantages that may be ideal for you. We encourage you to involve others in your decision-making process. Seniors Money does not provide financial advice. We strongly advise that you seek financial advice from a qualified source independent of Seniors Money. Here are some questions to consider:
Am I eligible?
A Seniors Money Loan is available only to homeowners 60 and older. If two borrowers, one must be at least 60 years of age and the other at least 55 years of age.
Do you own your own residence?
You must own the property to be mortgaged in order to apply for a Seniors Money Loan.
Is your property mortgage-free?
If not, your existing mortgage must be repaid in full before applying for a Seniors Money Loan, or paid from its proceeds.
Have you discussed the opportunity with your friends, family and advisors?
Seniors Money recommends that you consult your family, friends and advisors about your decision to apply for a Seniors Money Loan.
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