Frequently Asked Questions

Canadian Reverse Mortgages

What can I use the money for?

Whatever you want! Here are a few ideas for you;

  • Renovate your home
  • Help out family and/or friends
  • Pay off any debts
  • Travel
  • Use the money as a down payment to buy a vacation home
  • Or just save the money for a rainy day

It’s your money, so you are free to use it as you need or see fit.

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.