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What is a Reverse Mortgage and how do I get one?
A Reverse Mortgage is a loan secured against a customer's primary residence, but (unlike a traditional mortgage or HELOC) does not require regular payments. Interest accrues and is added to the balance of the loan on a regular basis.
To learn more about Reverse Mortgages, visit the Financial Consumer Agency of Canada's website.
For more information on finding the right home financing options for your needs, please visit your local TD Canada Trust branch.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.