Reverse Mortgage in British Columbia
Turn your home equity into tax-free money
Find out how much cash you could unlock from your home, with no monthly payments, in about 2 minutes.
Get Your Reverse Mortgage Estimate
We only ask for what's needed to prepare your estimate.
Thank you!
Your request has been received. A local advisor will contact you at your preferred time with your free estimate.
Years helping BC homeowners
Local company, local advisors
Monthly payments required
Tax-free funds
Why BC homeowners choose a reverse mortgage
Access the equity you've built over a lifetime, without selling your home or taking on monthly payments.
Stay in the home you love
You keep full ownership and title. Nothing changes about where or how you live.
No monthly payments
Nothing is owed until you sell or move. Your cash flow stays yours every month.
Tax-free money
The funds you receive are not taxable income and don't affect OAS or GIS benefits.
Use the funds your way
Renovations, medical care, debt consolidation, helping family, travel. It's your money.
Has the bank already said no?
We can often help even when the big banks won't.
Bruised credit?
No problem. Your home equity matters more than your credit score.
Past bankruptcy?
No problem. We've helped many homeowners rebuild after bankruptcy.
Consumer proposal?
No problem. A proposal doesn't have to close the door on your equity.
Denied by your bank?
No problem. We work with lenders who look at your whole picture.
Is a reverse mortgage right for you?
It's a good tool, but not for everyone. Here's the honest picture.
It tends to work well when…
- You plan to stay in your home for the long term;
- You need cash flow without taking on monthly payments;
- Your income or credit rules out cheaper borrowing like a HELOC;
- You'd rather not sell investments or downsize in today's market.
Think twice if…
- Leaving the largest possible inheritance is your top priority. Interest compounds, so your home equity shrinks over time;
- You may sell or move within a few years. Setup costs and accrued interest make short holds expensive;
- You qualify for a home equity line of credit or a refinance, which usually costs less;
- Downsizing to a smaller home would solve the problem and keep your equity intact.
When we talk, we'll compare your alternatives side by side, and we'll tell you plainly if a reverse mortgage is not your best option.
How it works
Three simple steps, with a real person guiding you through each one.
Request your estimate
Answer a few simple questions above. It takes about 2 minutes.
Talk with a local advisor
A BC-based advisor calls at your preferred time, explains your options in plain language, and answers every question.
Receive your funds
Choose a lump sum, regular deposits, or both. Tax-free, with no monthly payments.
What our clients say
Real experiences from homeowners we've helped across British Columbia.
“I've used Ryan's services both personally and professionally and he and his team have provided excellent, attentive service every time.”
— Shannon M.“Truly the best possible mortgage experience I could have. Incredibly responsive, and able to move much faster than a bank could.”
— Aaron P.“They take the time to explain the process and educate us. Response time and quality are absolutely outstanding.”
— Matthew E.Common questions
Straight answers about reverse mortgages in British Columbia.
Will I still own my home?
Yes. You remain the owner and stay on title. The lender registers a mortgage against the property, just like a regular mortgage, but with no monthly payments required.
How much can I borrow?
Typically up to around 55% of your home’s value, depending on your age, your home’s location, type, and appraised value. Older homeowners generally qualify for more.
What does it cost?
Reverse mortgage rates are higher than a regular mortgage: as of mid-2026, most fall between about 6.5% and 8%, depending on the lender and term. One-time costs typically include a setup fee of about $995 to $1,795 (deducted from your funds, not paid up front), a home appraisal of about $300 to $600, and independent legal advice of about $300 to $700. Because there are no monthly payments, the interest is added to your balance and compounds, which means the amount owing grows over time. Before you commit to anything, you receive your exact rate and every cost in writing, and we’ll walk you through what your balance would look like in 5, 10, and 15 years.
Do I make monthly payments?
No monthly payments are required. The loan, plus interest, is repaid when you sell the home, move out, or from your estate.
Is the money taxable? Will it affect my pension?
The funds are a loan, not income, so they’re tax-free and do not affect Old Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits.
Can I owe more than my home is worth?
Reverse mortgage products in Canada include a negative equity guarantee: as long as you meet your obligations (like keeping the home maintained and taxes paid), you will never owe more than the fair market value of your home.
What if my bank already turned me down?
Reverse mortgage approval is based mainly on your age and home equity, not your income or credit score. Many of our clients were declined by their bank first.
Ready to see what your home could do for you?
It takes about 2 minutes, it's completely free, and there's no obligation.
Get My Free Estimate