Victoria, British Columbia
Reverse Mortgage in Victoria
Victoria is one of Canada's most desirable retirement destinations — and if you own a home here, a reverse mortgage can help you enjoy it fully without the financial stress of a fixed income.
How a Reverse Mortgage Works in Victoria
From Oak Bay to Saanich to the Inner Harbour neighbourhoods, Rachel helps Victoria homeowners access their equity to fund retirement, cover healthcare costs, or simply improve their quality of life.
A reverse mortgage is available to Canadian homeowners aged 55 and older. You can access up to 55% of your home's appraised value as tax-free cash — with no monthly payments required. The loan is repaid only when you sell your home, move out, or pass away.
Benefits of a Reverse Mortgage
No monthly mortgage payments
The loan is repaid only when you sell, move out, or pass away — not before.
Tax-free cash
Funds received from a reverse mortgage are not considered taxable income.
Stay in your home
You retain full ownership and the right to live in your home for as long as you choose.
Flexible access
Receive funds as a lump sum, monthly income, a line of credit, or a combination.
No negative equity guarantee
You will never owe more than the fair market value of your home at time of repayment.
Use funds however you like
Cover living expenses, healthcare, home renovations, travel, or support family members.
Why Work With Rachel in Victoria?
Rachel Rogerson is a licensed mortgage broker with over 15 years of experience, specializing in reverse mortgages for Canadian homeowners. She is licensed in British Columbia, Alberta, and Ontario, and works with multiple lenders to find the best solution for your situation.
Rachel takes the time to explain every detail — from how much you qualify for, to how interest accrues, to what happens when the loan comes due. There's no pressure, no obligation, and no cost for an initial consultation.
Frequently Asked Questions
Who qualifies for a reverse mortgage?
Canadian homeowners aged 55 or older who own their primary residence. The amount you can access depends on your age, home value, and location.
Do I still own my home?
Yes — you retain full ownership and title to your home throughout the life of the reverse mortgage.
What happens when I sell or move?
The reverse mortgage balance (principal + accrued interest) is repaid from the sale proceeds. Any remaining equity belongs to you or your estate.
How much can I borrow?
Typically up to 55% of your home's appraised value, depending on your age and property type. Rachel will give you a personalized estimate.
Get a Free Consultation in Victoria
Fill in your details below and Rachel will be in touch to discuss your options — no obligation, no pressure.