# Reverse Mortgage Assessment, 9 Questions | OakvilleReverseMortgage.ca

> A free 9-question reverse mortgage assessment for Oakville homeowners 55+. See whether it is a good match, worth comparing first, or not the right fit yet.

URL: https://oakvillereversemortgage.ca/tools/reverse-mortgage-assessment/

Free tool, about 2 minutes

# Reverse Mortgage Assessment: A 9-Question Fit Check

This free reverse mortgage assessment asks nine plain questions about you and your Oakville home. Your result is one of three: a good match on paper, worth comparing first, or not the right fit right now, with the reasons behind it.

[Get my free estimate](https://reversemortgagebroker.ca/estimate/?utm_source=oakvillereversemortgage&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment)

Your free estimate: No cost · No credit check · No sales pressure.

Question 1

1. Who is the youngest person whose name is on the deed, and how old are they?

 Younger than 55 55 to 64  65 to 74  75 or more

Question 2

2. Do you sleep in this Oakville house for at least half the year?

 Yes, it is home No, we rent it out or use it as a cottage

Question 3

3. Which best describes the property?

 A house: detached, semi or town A condominium unit owned in your own name  A co-operative unit, or a home sitting on leased land  Unsure of the legal form

Question 4

4. Looking ahead, how many more years do you picture living here?

 Two years or less Roughly three to ten  For good

Question 5

5. Roughly how much is still owing against the house?

 It is paid off Under a third of what it is worth  Between a third and a half  Over half of what it is worth  Unsure

Question 6

6. What is the money mainly for?

 Clearing a mortgage, a line of credit or credit cards A bit more to live on each month  Care at home or changes to the house  Just the property tax bill  Still deciding

Question 7

7. If a bank lent you the money, could your pension or income carry a monthly payment?

 Comfortably Only just  No, or you would rather avoid payments

Question 8

8. How much does passing the whole house value to your children matter to you?

 A great deal Somewhat  Less than living comfortably now

Question 9

9. Is your Town of Oakville tax account and home insurance current?

 Yes, both Some property tax is overdue  Unsure

Show my fit check result

One or more questions still need an answer.

Where your answers point

[Get My Free Reverse Mortgage Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=oakvillereversemortgage&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment) [Browse the Oakville guides](/guide/)

## About this fit check

**What does the result mean?**

It sorts your answers into one of three groups: a likely match, a case for comparing other loans first, or a reason it cannot work yet. Treat it as a first read, not personal advice.

**Does anyone see your answers?**

No. They never leave your own screen, and closing the page clears them.

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Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/?utm_source=oakvillereversemortgage&utm_medium=satellite&utm_campaign=md-mirror

Operated by Dominion Lending Centres Homestead Financial, a mortgage brokerage licensed by the Financial Services Regulatory Authority of Ontario, brokerage licence #11711. Independently Owned and Operated. OakvilleReverseMortgage.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.