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Reverse Mortgage Source
Canada’s Source for Reverse Mortgages – The Financing Factory
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  • Home
  • About
  • Solutions
    • Menu iconReverse Mortgages
    • Menu iconEquity Mortgages
    • Menu iconPaused Payments Mortgage
    • Menu iconSecond Mortgage
    • Menu iconUSA Mortgages for Canadians
    • Menu iconRetire Abroad Planning
    • Menu iconMortgage Literacy Education & Coaching
  • Areas We Service
    • Menu iconAlberta
    • Menu iconBritish Columbia
    • Menu iconManitoba
    • Menu iconNew Brunswick
    • Menu iconNewfoundland and Labrador
    • Menu iconNova Scotia
    • Menu iconOntario
    • Menu iconPrince Edward Island
    • Menu iconQuebec
    • Menu iconSaskatchewan
  • Resources
    • Calculators
      • Canadian Reverse Mortgage Calculator
      • Canadian Retire Abroad Budget Tool
      • Canadian Retirement Planning Calculator
      • Canadian Private Mortgage Calculator
      • Line of Credit Calculator
    • FAQ’s
    • Glossary
  • Blog
    • Menu iconAging in Place & Lifestyle Choices
    • Menu iconCareer & Financial Transitions
    • Menu iconHome Equity Lifestyle Planning
    • Menu iconRetirement & Financial Security
    • Menu iconRetirement Travel & Living Abroad
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Defined Benefit (DB) Plan

A pension plan that guarantees a specific retirement benefit amount based on factors such as salary history and length of employment. The employer bears the investment risk in a DB plan.

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A mortgage approval is not guaranteed. All applications are subject to lender approval based on income, credit history, equity, property details, and applicable lender guidelines. Rates shown are best available on approved credit (OAC) as of the date displayed and are subject to change without notice. Private mortgage rates, fees, and terms vary based on borrower profile, property, and lender — additional fees may apply. US mortgage products are facilitated through licensed US lending partners; terms vary by state. Information on this website is for general educational purposes only and does not constitute a mortgage offer, commitment to lend, or financial advice.

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