The process is simple
Getting a reverse mortgage in BC is easy, here are four steps!
BC Reverse Mortgage Specialist
I am a licensed mortgage professional with BlueTree Mortgages WEST, a member of Canada’s most successful mortgage company, Dominion Lending Centres. I have the knowledge and experience to match my clients with the products they need. I am also a professional accountant and can provide you with additional forecast and budget reports if required.
Thrilled to call Kamloops, BC home I enjoy helping people from all over the province and from all walks of life. I have experienced living in urban and rural settings and love both. I want nothing more than to see my clients achieve their goals while living life to the fullest.
House Rich, Cash Poor
Take 30 seconds to answer a few questions and I will email you with the loan amount for which you qualify. You will also receive a link to download the Reverse Mortgage Guide which provides an overview of this great product.
CLIENTS LIKE YOU…
who used a reverse mortgage to better their life.
We didn’t think there was a chance for us to refinance our house, but a friend of ours told us about Nicolle, we gave her a call and she was able to help us help our kids. We used money from our house to give each of our kids 20% down on their houses. We’re so happy we could help our kids now, when they needed it most!
All you’re responsible for are the property taxes and insurance and to keep your property well-maintained.
The money you receive with the CHIP Reverse Mortgage is tax-free. What you do with it is up to you.
You maintain complete ownership and control of your home. Income Advantage lets you access up to 55% of your home’s appraised value and you receive the money tax-free. It’s always best to consult your accountant or financial advisor as well.
Frequently Asked Questions
How does a CHIP Reverse Mortgage work?
A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.
The big advantage with the CHIP Reverse Mortgage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.
How do I receive the money?
Will the bank own the home?
Should reverse mortgages only be considered as a loan of last resort?
Who is it for?
The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.
How much can I get and how is it calculated?
You can receive up to 55% of the value of your home. The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for.
Will the homeowner owe more than the house is worth?
What if the homeowner has an existing mortgage?
Many of our clients use a reverse mortgage to pay off their existing mortgage and debts.
What fees are associated with a reverse mortgage?
Nothing Beats A Conversation
If you’ve got questions about your unique financial situation, please contact me anytime!