Frequently Asked Questions

Canadian Reverse Mortgages

What are my responsibilities to keep the Reverse Mortgage?

There are 4 things you are required from you as the homeowner to keep your Reverse Mortgage in good stand.

  • Ensure you live in your home more than 6 months per year
  • Ensure you keep your property taxes up to date and paid on time
  • Ensure you have current and valid property insurance
  • Ensure you keep the value of your property by maintaining it and keep it in great condition

If you have any questions regarding this, we are here to help!

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.