Home Trust EquityAccess Reverse Mortgage: The Newest Option for Ontario Homeowners 55+

Who is Home Trust?

Home Trust Company is a long-established Canadian lender and part of Fairstone Bank of Canada. It is known for alternative lending: working with people whose files don't fit a bank's standard box, such as self-employed owners and people rebuilding credit.

Home Trust announced EquityAccess on October 20, 2025, at the Mortgage Professionals Canada national conference, and Ontario was the first province to get it. Home Trust now lists it as available through brokers in Ontario, Nova Scotia, Alberta and British Columbia.

Why "broker only" matters to you

Most people only hear about reverse mortgages from their bank, and most banks refer to one lender. EquityAccess is sold only through mortgage brokers, so if you don't talk to a broker, you won't see it at all.

That's the main reason this page exists. When you work with us, EquityAccess sits on the same table as CHIP from HomeEquity Bank and Equitable Bank's reverse mortgages. You see each offer side by side before you choose.

The three EquityAccess products

Home Trust offers three versions. All of them need you to be a homeowner living in the home as your main residence, and all have no required monthly payments.

• EquityAccess: the straightforward option. One lump-sum advance at the start. Minimum age 55.
• EquityAccess+: a lump sum plus scheduled advances, so part of the money can come to you over time. Minimum age 55.
• EquityAccess Boost: for owners 70 and older, with access to a larger share of your home equity than the other two.

How much you can borrow depends on your age (the youngest owner on title), your home's appraised value, its location and type. We'll get you a real number from Home Trust rather than guess here. Rates change often, so we get you current quotes instead of posting them. For a rough idea first, try our reverse mortgage calculator.

Who EquityAccess may suit

Every file is different, but EquityAccess is worth a close look when:

• You want a scheduled income top-up. EquityAccess+ pairs a lump sum with advances over time, which can help when the goal is monthly cash flow, not one big cheque.
• You're 70 or older and need more of your equity. Boost is designed to give older owners access to a bigger amount.
• You'd like a choice beyond the name you already know. Comparing three lenders can mean better terms or a better fit for your plans.

And it may not be the best fit when you need a short-term option you can repay at any time without a penalty, or a lender with a long track record in reverse mortgages specifically. In those cases we'll show you CHIP's options or Equitable Bank's instead.

EquityAccess, CHIP and Equitable Bank: how we compare them

We don't publish rates on this page, because they change often and every quote depends on your age and home. When we compare lenders for you, we look at:

• How much each lender will lend on your home, at your age
• How you can receive the money: lump sum, scheduled advances or later top-ups
• Prepayment charges if you sell or repay early, and when they end
• Which lenders accept your property type and location (condo, rural, older home)
• The no negative equity protection and its conditions (keep property taxes, home insurance and upkeep current)

You get it in writing, in plain language, with the trade-offs spelled out.

Independent legal advice, and bringing your family in

Ontario requires independent legal advice before a reverse mortgage closes (O. Reg. 188/08, s. 29). You'll meet with your own lawyer, not the lender's, so you understand the terms before you sign.

We also welcome adult children or anyone you trust to join our meetings. Many families find it helps everyone feel comfortable with the plan. Questions about how a reverse mortgage affects your estate are a good thing to raise with your lawyer.

Want more background first? Read our guide to reverse mortgage vs HELOC in Ontario, or meet Greg Kalanjian, who reviews every reverse mortgage file we handle.