10/17/2026
Reverse mortgage or HELOC? If you're 55+ in Ontario, here's the half of the story most people never hear.
A HELOC is the cheaper way to borrow against your home. But your bank can freeze it, and you need income that passes the stress test, plus a payment every month.
A reverse mortgage costs more over time. But there's no income test, no monthly payment, and it can't be called while you live there and keep up the house.
I put them side by side, with a 10-year cost example: https://katbrazier.com/blog/reverse-mortgage-vs-heloc-ontario
In Halton Hills or Georgetown? I'm happy to run both numbers for your home.