Project Description

Reverse Mortgage | Age 55 or Older?

In just a few minutes find out how much tax-free cash you qualify for using a reverse mortgage. We will send you a full package explaining your best options.

Step 1 of 2

Reverse Mortgage Broker Kelowna

Reverse Mortgage Or Standard mortgage?

A reverse mortgage is a long-term financing solution that requires no payments until the mortgage is due. It allows qualifying homeowners to convert a portion of their home equity into cash on a tax-free basis while remaining in their principal residence.

With a Reverse Mortgage:

  • Full repayment of the mortgage is due when the property is sold or transferred, or when the borrower passes away, moves, or defaults.
  • No payments are required until the reverse mortgage is due.
  • Eligibility is determined using the borrower’s age and home’s appraised value.
  • Interest accrues until the mortgage is repaid, and as such, the home’s equity may decrease as the interest increases throughout the life of the mortgage.
Reverse Mortgage Kelowna Mortgage Broker Okanagan

Family Matters.

Considering a reverse mortgage is a big decision. Discuss the option with your loved ones, so you are prepared to make the right choices for you and all involved.

A reverse mortgage can help you plan for retirement while keeping your family’s future in mind.  Accessible funds help with growing living costs, build a safety net for emergency savings.

Certified Reverse Mortgage Broker

Contact Me Your Way.

Contact Me Your Way.

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Kyle Wilson, MBI | Kelowna Mortgage Broker

Pragmatic Lending Office

1915 Foxtail Terrace Kelowna BC V1P 1T9

Direct: 250.869.7880 Email: Web: