{"id":12320,"date":"2026-09-02T11:45:54","date_gmt":"2026-09-02T15:45:54","guid":{"rendered":"https:\/\/canadabiznews.ca\/press-releases\/pr\/promotional-rate-of-4-99-launched-for-reverse-mortgages-in-canada\/"},"modified":"2026-09-02T11:45:54","modified_gmt":"2026-09-02T15:45:54","slug":"promotional-rate-of-4-99-launched-for-reverse-mortgages-in-canada","status":"publish","type":"press-releases","link":"https:\/\/canadabiznews.ca\/press-releases\/pr\/promotional-rate-of-4-99-launched-for-reverse-mortgages-in-canada\/","title":{"rendered":"Promotional Rate Of 4.99% Launched For Reverse Mortgages In Canada"},"content":{"rendered":"
\n
\"499<\/a>\n<\/div>\n
\"499<\/a>\n<\/div>\n
\"Reverse\n

Reverse Mortgage Pros Logo<\/p>\n<\/div>\n<\/div>\n

The limited-time rate of 4.99% is only until September 30 – giving Canadian homeowners 55+ a chance to lock in a great deal on a reverse mortgage.<\/i><\/p>\n

<\/div>\n
Rates like this don\u2019t come around often, and they don\u2019t stay around long\u201d<\/b>\n
\u2014 Mich Sneddon, CPA, CA<\/div>\n<\/div>\n

TORONTO, ONTARIO, CANADA, September 2, 2026 \/EINPresswire.com<\/a>\/ — A new, limited time promotional reverse mortgage rate of 4.99% has launched in Canada for homeowners aged 55 and over. <\/p>\n

It\u2019s one of the lowest reverse mortgage rates<\/a> launched in a while and is scheduled to end on September 30, 2026. After that, pricing is expected to return to standard levels.<\/p>\n

The offer comes just weeks after standard 5-year fixed reverse mortgage rates dropped to roughly 6.28%\u20136.29% following lender cuts in July 2026. At 4.99%, the promotional rate is more than a full percentage point lower.<\/p>\n

\u201cRates like this don\u2019t come around often, and they don\u2019t stay around long,\u201d said Mich Sneddon, CPA, CA, Founder and Principal Broker of Reverse Mortgage Pros<\/a>. \u201cWe just finished telling homeowners about a 0.25% drop in July. This is a different scale of move entirely. Anyone who\u2019s been sitting on the fence about a reverse mortgage should at least find out whether they qualify before this offer expires.\u201d<\/p>\n

Promotional rates are typically used by lenders to drive volume rather than signal a lasting change in the cost of funds. <\/p>\n

The July cut showed lenders will compete hard on price when they want new business. This time-limited offer follows the same pattern, only with a bigger discount and a firm deadline.<\/p>\n

\u201cThe pattern is consistent with what we saw in July \u2014 a lender pushing hard for volume,\u201d Sneddon said. \u201cThe difference this time is the size of the discount and the firm end date. That combination is what makes this worth acting on rather than waiting to see what happens next.\u201d<\/p>\n

For homeowners 55 and over considering a reverse mortgage, the lower rate reduces the ongoing interest cost for as long as the promotional pricing applies. Because applications and underwriting take time, Reverse Mortgage Pros recommends starting the process well before the September 30 deadline.<\/p>\n

Key facts:
\n\u2022 Promotional rate of 4.99% now available, mainly in larger urban centres in BC, Ontario, and Alberta
\n\u2022 Offer runs until September 30, 2026
\n\u2022 More than 1% below current standard rates (approx. 6.28%\u20136.29%)
\n\u2022 Standard rates expected to return after the promotional period
\n\u2022 Early application is advised due to underwriting timelines <\/p>\n

Homeowners 55 and over can check in about 90 seconds whether they qualify for the promotional rate and compare lenders, options, and costs with a free, no-obligation assessment from Reverse Mortgage Pros at ReverseMortgagePros.ca\/Assessment<\/a>.<\/p>\n

Michael Sneddon
\nReverse Mortgage Pros
\n+1 888-358-7771
\nemail us here<\/a>
\nVisit us on social media:
\nLinkedIn<\/a>
\nInstagram<\/a>
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\nOther<\/a><\/p>\n

4.99% Promotional Rate Explained<\/p>\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Reverse Mortgage Pros Logo The limited-time rate of 4.99% is only until September 30 – giving Canadian homeowners 55+ a chance to lock in a great deal on a reverse mortgage. Rates like this don\u2019t come around often, and they don\u2019t stay around long\u201d \u2014 Mich Sneddon, CPA, CA TORONTO, ONTARIO, CANADA, September 2, 2026 … Read more<\/a><\/p>\n","protected":false},"featured_media":12321,"template":"","class_list":["post-12320","press-releases","type-press-releases","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/press-releases\/12320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/media\/12321"}],"wp:attachment":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/media?parent=12320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}