# Is a Reverse Mortgage Right for Me? 9-Question Check

> Nine short questions for Milton homeowners 55+ that show whether a reverse mortgage looks like a fit, whether to compare other options, or what stands in the way.

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

Free, about two minutes

# Is a Reverse Mortgage Right for Me? A 9-Question Check

Answer nine short questions about you and your Milton home. You get one of three results, a good match on paper, worth comparing with other options, or not possible right now, and the reasons for it.

[Get My Free Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagemilton&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment)

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

Part 1 of 9

1. How old is the youngest owner on title?

 Not 55 yet 55 to 64 years old  65 to 74 years old  75 or over

Part 2 of 9

2. Is this Milton home where you live most of the year?

 Yes, it is our main home No, it is a rental or a second property

Part 3 of 9

3. What kind of home is it?

 A detached, semi-detached or townhouse A condo apartment that you own  A co-op, or a home on leased land  A house on acreage with a well or septic

Part 4 of 9

4. How long do you expect to stay in this home?

 Two years or less Three to ten years  For as long as I am able

Part 5 of 9

5. How much is still owing on the house?

 Nothing, it is paid off Up to a third of its value  From a third to a half  Above half  Not sure

Part 6 of 9

6. What would the money mostly go toward?

 Paying off a mortgage, line of credit or cards More money to live on each month  Help at home or renovations  Only the property tax bill  Not decided yet

Part 7 of 9

7. Could your income cover a monthly loan payment?

 Yes, easily Just barely  No, or I would rather not have one

Part 8 of 9

8. How important is leaving the full value of the house to family?

 Very important Somewhat important  Living well now matters more

Part 9 of 9

9. Are your tax bill and home insurance paid up?

 Yes, both are paid Some tax is behind  Not sure

Show me where I stand

A question is still unanswered. Please pick an answer for each one.

Here is where you stand

[Get My Free Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagemilton&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment) [Read the Milton guides](/guide/)

## About this fit check

**What do the three results mean?**

Your answers fall into one of three groups: a good match on paper, worth comparing with other options, or not possible right now. It is a first look, not advice for your situation.

**Are your answers saved or sent anywhere?**

No. They stay in your browser and disappear when you close the page.

**Is a fit check the same as an estimate?**

No. The fit check gives you a direction. The free estimate puts a figure on your own home, and Richard then weighs all four lenders for you.

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Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagemilton&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. ReverseMortgageMilton.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.