Frequently Asked Questions

Canadian Reverse Mortgages

Can I sell my home and buy a new one?

As the homeowner, you are always able to sell your home and move if you choose to do so. However, the Reverse Mortgage is not 'portable,' and you will need to re-apply for your new 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.