$2.1M Reverse Mortgage Foreclosure Relief for Retired Couple in West Vancouver Using Home Equity
- Jul 17
- 2 min read
Updated: Aug 8

Client: Retired Couple, West Vancouver
Primary Residence Value: $4,000,000 CAD
Loan Amount: $2,100,000 CAD via Reverse Mortgage Facility
A retired couple in West Vancouver faced imminent foreclosure on their second property due to missed mortgage payments. Despite significant equity in their primary residence—a $4 million home with only a $500,000 mortgage balance—traditional refinancing and private lender options declined renewal, leaving limited foreclosure help for seniors.
Referred to our team as a last resort, we engineered a bespoke reverse mortgage solution that fundamentally improved their financial outlook.
We structured a $2.1 million home equity reverse mortgage with a Schedule I bank that consolidated their existing $500,000 mortgage and provided $1.6 million in additional capital. This no income mortgage option required no income verification or monthly repayments and carried a highly competitive fixed rate, with only a one-time setup fee.
Key Results:
Foreclosure Averted: Immediate liquidity settled arrears and stopped foreclosure proceedings
Income Support: Freed-up property generates rental income supplementing their pension
Zero Monthly Payments: No ongoing mortgage payments or forced amortization
Lifestyle Recovery: Financial peace of mind enabling stress-free retirement, travel, and bill management
This case highlights the power of reverse mortgage financing tailored for retired couples in West Vancouver confronting foreclosure risks. By partnering with the right lender and structuring flexible terms, we preserved their high-value home equity, stabilized their finances, and enabled a return to comfortable, debt-free living.
Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.
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