# Reverse Mortgage Assessment: 10 Questions | ReverseMortgageKingston.ca

> A free ten-question reverse mortgage assessment for Kingston homeowners 55+. See if it is worth a close look, worth weighing with other options, or a poor match.

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

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# Reverse mortgage assessment: could it suit you?

This free reverse mortgage assessment asks ten short questions about you and your Kingston home. You get one of three results: worth a close look, weigh it against other options, or not a match for now. Each result explains the reasons.

[Get My Free Estimate](/estimate/)

No cost · No credit check · No sales pressure

Question 1

1. What age is the youngest owner named on the title?

 Not 55 yet In my late 50s or early 60s  Somewhere from 65 to 74  75 or more

Question 2

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

 Yes, I live here No, it's a rental, a cottage or a second home

Question 3

3. What kind of property is it?

 A house, semi or townhouse in the city A condo apartment registered in my name  A rural property with a well and septic, or a large lot  A co-operative unit, or a home sitting on leased land  Not sure

Question 4

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

 Under 3 years Between 3 and 10 years  As long as my health lets me

Question 5

5. About how much do you still owe on the home?

 Nothing, it's paid off Under one-third of its value  Between one-third and one-half of its value  Over one-half of its value  I would need to check

Question 6

6. Where would most of the money go?

 Clearing what I owe: a mortgage, a line of credit or credit cards A monthly top-up to my income  Repairs, safety changes or care, so I can keep living at home  Helping a child or grandchild  Not decided yet

Question 7

7. If you took a bank line of credit, could your income handle its monthly payments?

 Yes, comfortably Possibly, but it would squeeze the budget  No, or I would rather have no monthly payment

Question 8

8. How much does leaving the full value of the house to your children matter to you?

 Very important Somewhat  Less important than living comfortably now

Question 9

9. Where do your property tax and home insurance stand today?

 Both are paid up I'm behind on some property tax  I use the City of Kingston's tax deferral  Not sure

Question 10

10. Have you told your family you're looking into this?

 Yes Not yet  Yes, and they're worried

Show my result

Please answer all ten questions.

What your answers suggest

[Get My Free Estimate](/estimate/) [Read the Kingston guides](/guide/)

## About this assessment

**What does my reverse mortgage assessment result mean?**

You get one of three answers: a reverse mortgage is worth a close look, it should be weighed next to another option, or something you said rules it out for now. It is a first read, not personal advice.

**Are my answers stored anywhere?**

No. Your answers stay in your browser and disappear when you leave the page.

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Free reverse mortgage estimate (no sales pressure): https://reversemortgagekingston.ca/estimate/

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. ReverseMortgageKingston.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.