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A smiling retired couple stand at a kitchen counter, each wearing an apron. The woman is holding a knife and cutting vegetables.


Retire comfortably in your own home.

If you’re a homeowner, your home is likely your greatest asset. If you’ve paid off most or all of your mortgage, consider tapping into your home’s market value to support your retirement plans.

Talk to an advisor
House on top of stacked gold coins.

Get up to 50% of your home's current market value.

The retirement line of credit1 allows you to borrow up to 50%2 of the value of your principal residence. After your credit limit has been established, use the funds as you see fit. With attractive interest rates, you can cover unexpected expenses, renovate, travel, start a business, consolidate your debt, or just enjoy a comfortable retirement. What you choose is entirely up to you.

The details.

Variable interest rate.

  • Highly competitive variable interest rate.

  • The rate fluctuates based on the Laurentian Bank line of credit base rate.3

  • Interest applies only to the funds used.

Easy access to funds.

Access your funds any time:

  • by cheque

  • at an ATM

  • online through LBCDirect

Simple repayments.

You pay interest monthly with a minimum payment of $10.4 You can also choose the following payment options:

  • Percentage of balance

  • Fixed payments

The balance can be paid off, in part or in full, at any time without penalty.

To your advantage.

Conversion into a mortgage loan.

Convert the balance on your retirement line of credit, in whole or in part, into a mortgage loan to protect yourself from interest rate increases and make fixed regular payments.1

Better than a reverse mortgage.

Unlike reverse mortgages, the retirement line of credit offers greater flexibility and is less restrictive, as long as you can repay the minimum monthly interest on the approved limit.

The hands of a parent hold the hands of a child, while the child holds a little wooden house.


Financial protection that’s within reach.

Peace of mind comes easier when you have insurance for your retirement line of credit.
More about home equity line of credit insurance

Helpful tips and resources.

Your questions answered.