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Reverse Mortgages

Reverse Mortgages

A reverse mortgage is a type of loan made to senior citizen homeowners, allowing them to use their homes as collateral to get cash and defer repayment. This project examines what reverse mortgages are and the legal framework surrounding reverse mortgages in British Columbia.

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produced by
Canadian Centre for Elder Law (CCEL)
produced in
last reviewed
February 2006 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
resource type
reports & documents
mortgage, reverse mortgage, buying a home, selling a home, foreclosure, consumer protection, credit and personal finance, cost of credit disclosure, older adults, loans and lending, equity release products, financial institutions, planning for retirement, annuities and income, mortgage brokers