Frequently Asked Questions

Canadian Reverse Mortgages

Can the bank make me sell my home?

No, not as long as you keep your commitments. We may require that you:

  • Keep your property taxes and insurance in good standing
  • Maintain your property so that it remains in good condition; and
  • Continue to live in the home

As long as you keep your commitments, your bank will never require you to sell your home.

Lotus Income

© 2022 Lotus Income - Specializing in Canadian Reverse Mortgages.  Although we make every attempt to ensure our reverse mortgage information is correct, Lotus Income does not guarantee the accuracy of the information on our website. Please speak to a mortgage broker for the latest details.  Site last updated: Jan 12, 2022.