Reverse Mortgage Lender in Kelowna, BC

Unlock the value of your home with a reverse mortgage from Rampone-Marsh Mortgages, your trusted reverse mortgage experts in Kelowna, BC. A reverse mortgage lets you access tax-free cash from your home’s equity without selling your home. It’s an excellent solution for retirees looking to supplement their income to cover expenses, travel, or enjoy life to the fullest. Our experienced team offers personalized advice on reverse mortgage options from multiple lenders, ensuring you get the best fit for your needs. Based in the heart of the Okanagan, we make it easy to retire comfortably and stay in your home longer.

Don’t wait – secure your retirement with our expert reverse mortgage guidance today. Call us today!

Homeowners must be 55 or older and live in a province of Canada, the appraised value of their home must be at least $150,000 and the secured debt must be less than the reverse mortgage lending amount they are approved for.

There are one-time fees for arranging a reverse mortgage, such as the appraisal fee, fee for legal advice, and fee for administration and registration.

Beyond that, there are no monthly payments required as long as the homeowner continues living in the home.

That’s ok! Reverse mortgages are commonly used to supplement income or pay off expenses such as an existing mortgage.

You will retain full ownership and title of your home, though you are expected to live in the home and maintain the property, staying on top of property taxes and insurance.

You get to choose how you want to receive the money, either in one lump sum or through planned advances over a set period of time.