Frequently Asked Questions

Canadian Reverse Mortgages

What if there's an existing mortgage?

If you have an existing mortgage or any other secured debts, the first thing we will do is pay them off. Your reverse mortgage may constitute a clean financial slate so that the only thing you need to worry about is how you want to use your equity.

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.