About ReverseMortgaged.ca
ReverseMortgaged.ca is a free, independent Canadian guide run by the MITEY network. We're not a lender or broker and aren't paid by lenders. We read lender terms from their own pages, date every figure, and show the comparison with downsizing, a HELOC and selling as plainly as the reverse mortgage itself.
Figures as of November 1, 2026.An independent, free guide to Canadian reverse mortgages for homeowners 55 and older and their families, run by the MITEY network. We are not a lender or a mortgage brokerage, and no lender pays for what we write.
| Source | HomeEquity Bank's CHIP rate page |
|---|---|
| Shown | 5-year special 6.49%as of October 29, 2026 |
| Recorded with | the page's own date and the day we read it |
| Used in | every tool and guide from one fileso figures never drift |
See every source and date →Computed by our engine with the lender terms and rules on the methodology page.Computed November 1, 2026.
What this site does
Most reverse-mortgage pages tell you how much you could borrow today. We follow the loan to the end: what you would owe at 70, 80 and 90, what would be left for you or your heirs, and whether a HELOC, downsizing or selling and renting would leave more. The comparison engine on the home page runs all four routes side by side for your own numbers.
Who runs it
ReverseMortgaged.ca is part of MITEY, a Canadian network of free financial calculators and plain-language guides. Our flagship, Calculating.ca, hosts Mitey's AI helper. Mitey, the young yeti you see around the site, is our guide character: he points you to the next useful question, never to a product.
Editorial standards
- Primary sources. Product terms, rates and fees come from the lenders' own pages (HomeEquity Bank and Equitable Bank); consumer guidance from the Financial Consumer Agency of Canada (FCAC); lending limits from OSFI; tax and benefit rules from the Government of Canada. Every page lists its sources and the date we checked them.
- Dated numbers. Lender rates change often. Each rate shows the date the lender's page gave for it; we last checked on November 1, 2026. The methodology page keeps a changelog.
- Estimates are labelled. Lenders don't publish how the maximum loan varies with age, so our age curve is an estimate and says so. Projections assume a steady rate and steady house prices, which real life won't give you.
- No invented people or reviews. No testimonials, star ratings, "best" awards or partner claims.
How the site is paid for
The site is free. If you ask us to through the contact form, a person from the MITEY network team will reply; that is the only way your details reach anyone. We don't sell leads to lenders and we don't receive what you type into the calculators.
Contact
Use the contact form or email hello@mitey.ca. If a lender's terms have changed, tell us and we'll check the source.