Qualifying for a reverse mortgage with Wise Equity is largely based on property type, location, and borrower’s age. We lend to borrowers aged 55+ with homes in urban centres in Alberta, British Columbia, Ontario, and Quebec.

The amount Equitable Bank will lend depends on two factors. One, the borrower’s age. And secondly, the home’s appraised value. Borrowers can now access up to 55% of their home’s value. Our eligibility calculator helps calculate how much you might be eligible for.