A website of Dominion Lending Centres Homestead Financial · Independently Owned and Operated · Brokerage Licence #11711 # Free Reverse Mortgage Assessment, 10 Questions | ReverseMortgageBarrie.ca > Free 10-question reverse mortgage assessment for Barrie homeowners 55+: see if it is worth a closer look, worth weighing against other options, or not a fit. URL: https://reversemortgagebarrie.ca/tools/reverse-mortgage-assessment/ Free tool, about 2 minutes # Is a Reverse Mortgage Right for You? A 10-Question Assessment This free reverse mortgage assessment asks ten plain questions about you and your Barrie home. You get one of three results: worth a closer look, weigh it against other options, or not a fit for now. Each result tells you why. [Get My Free Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagebarrie&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment) No cost · No credit check · No sales pressure Barrie assessment, question 1 of 10 1. Think of the youngest person on your title. What age are they? Still under 55 Somewhere from 55 to 64 Somewhere from 65 to 74 75 and up Barrie assessment, question 2 of 10 2. Do you live in this Barrie home for most of the year? Yes, it's where I live No: it's rented out, a cottage, or a second property Barrie assessment, question 3 of 10 3. Which of these sounds like your property? A Barrie house: detached, semi or freehold town A condo unit in my name A country place outside the city with a well, septic or acreage A co-op unit, or a home sitting on leased land Not certain Barrie assessment, question 4 of 10 4. How many more years do you expect to live there? Fewer than 3 Roughly 3 to 10 For as long as I'm able Barrie assessment, question 5 of 10 5. Compared with its value, how much is still owing on the house? Not a cent Under one third Between one third and one half Over one half I don't know offhand Barrie assessment, question 6 of 10 6. Where would most of the money go? Clearing debts: a mortgage, a credit line or cards Extra money every month Fixing up the house, or paying for help at home A gift for a child or grandchild Still deciding Barrie assessment, question 7 of 10 7. If a bank line of credit came with monthly payments, could you handle them? Comfortably Possibly, with some strain No, or I'd rather not have any Barrie assessment, question 8 of 10 8. Is passing the full value of the house to your family a top priority? Yes, a top one It matters somewhat Being comfortable now matters more Barrie assessment, question 9 of 10 9. How do your property tax and home insurance stand today? Both paid up Some property tax is overdue The City is deferring part of my tax Unsure Barrie assessment, question 10 of 10 10. Does your family know you're looking into this? Yes, they know Not so far They know, and they're worried Show my result One or more questions still need an answer. What your answers suggest [Get My Free Estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagebarrie&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment) [Read the Barrie guides](/guide/) ## About this assessment **What does my result mean?** You get one of three readings. Either a reverse mortgage looks worth exploring, or it should be weighed against another route, or one answer rules it out at the moment. Treat it as a quick first read, never as advice on your own case. **Are my answers saved anywhere?** No. They never leave your device, and they are gone as soon as you close the page. --- Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagebarrie&utm_medium=satellite&utm_campaign=reverse-mortgage-assessment 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. ReverseMortgageBarrie.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.