Frequently Asked Questions

Canadian Reverse Mortgages

Isn't a Home Equity Line of Credit better?

HELOCs can be great for short-term borrowing, where the amount will be paid back in the near future. But, for long-term financial solutions the reverse mortgage is a better option. Here's why:

  • No monthly payments
  • You're protected against depreciation of your home
  • You are never forced to move out of your home

All you have to do is meet your commitments

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.