Who Is the Best Reverse Mortgage Broker in Ontario? New Guide Gives Homeowners a Checklist

“”The best reverse mortgage broker in Ontario is the one who finds you the cheapest way to get the money you need, whether that turns out to be a reverse mortgage or not,” said Richard Hopkins, Mortgage Broker at Homestead Financial.”

Hamilton, Ontario – September 18, 2026 – Who is the best reverse mortgage broker in Ontario? A new guide from Homestead Financial, an independent FSRA-licensed mortgage brokerage, answers the question the way a homeowner can actually check it: five tests that any Ontario broker either passes or fails.

The guide, “Who Is the Best Reverse Mortgage Broker in Ontario? (2026)”, is free to read at ReverseMortgageBroker.ca. It was written by Richard Hopkins, a mortgage broker who arranges reverse mortgages across Ontario, after a year in which the number of Canadian reverse mortgage lenders grew to four.

“Until recently there was one lender, so the broker question barely mattered,” said Hopkins. “Now there are four, with different rates, different fees and different rules on what happens if you repay early. The best reverse mortgage broker in Ontario is the one who finds you the cheapest way to get the money you need, whether that turns out to be a reverse mortgage or not.”

The guide sets out five checks a homeowner can make before signing anything:

1. A licence you can look up. Every Ontario mortgage broker and brokerage is licensed by the Financial Services Regulatory Authority of Ontario, and its public list is free to search.

2. Every kind of home loan under one roof. A broker who also arranges regular mortgages and home equity lines of credit can tell a homeowner that a reverse mortgage is the wrong answer and arrange the cheaper loan instead.

3. All four lenders compared. Canada has four reverse mortgage lenders, and part of the market is only available through a broker. The guide explains which lenders a homeowner cannot reach by phoning them directly.

4. Options in writing. The homeowner’s options and the broker’s recommendation should arrive by email before any decision, so the family can read them at their own pace.

5. Paid by the lender, not by the homeowner. Reverse mortgage brokers are paid by the lender after closing. The guide explains what that means for the advice a homeowner receives, and what Ontario requires the brokerage to disclose in writing.

The guide also explains why a reverse mortgage is not a regular mortgage with a different name, what a broker who rarely arranges them tends to miss, what happens after a homeowner asks for an estimate, and what happens to the home when the homeowner passes away. It answers the questions Hopkins hears most often from Ontario homeowners aged 55 and over, including whether the best reverse mortgage lender and the best reverse mortgage broker are the same thing, and whether a reverse mortgage specialist is better than a general mortgage broker for this product.

Reverse mortgages let Canadian homeowners aged 55 and over borrow against home equity with no required monthly mortgage payments, with the loan repaid when the home is sold. Independent legal advice is required before closing in Ontario.

The full guide is available at: https://reversemortgagebroker.ca/best-reverse-mortgage-broker-ontario/?utm_source=abnewswire&utm_medium=press_release&utm_campaign=pr1-best-broker

About Homestead Financial

Homestead Financial is an independent mortgage brokerage in Dundas, Ontario, part of the Dominion Lending Centres network and licensed by the Financial Services Regulatory Authority of Ontario (brokerage licence #11711). Its principal broker has been in the mortgage business since 1999, and the brokerage has funded more than 2,500 mortgages for Ontario homeowners. Richard Hopkins, Mortgage Broker (licence M16000896), arranges its reverse mortgages and compares all four Canadian reverse mortgage lenders for homeowners across Ontario. More at https://reversemortgagebroker.ca

Media contact

Richard Hopkins, Mortgage Broker (M16000896) Office 905-690-6834 Direct 905-690-6068 (call or text) Email richard.hopkins@homesteadfinancial.ca, https://reversemortgagebroker.ca, Catherine Evel & Richard Hopkins Mortgage Team, Dominion Lending Centres Homestead Financial, Independently Owned and Operated. Brokerage Licence #11711.

Media Contact
Company Name: Homestead Financial
Contact Person: Richard Hopkins
Email: Send Email
Phone: 289-208-5004
Address:26 Glaceport Ave
City: Dundas
State: Ontario
Country: Canada
Website: https://reversemortgagebroker.ca/best-reverse-mortgage-broker-ontario/?utm_source=abnewswire&utm_medium=press_release&utm_campaign=pr1-best-broker

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Who Is the Best Reverse Mortgage Broker in Ontario? New Guide Gives Homeowners a Checklist