Reverse mortgages are only available to Canadian homeowners that are 55 and older. Anyone listed on the home’s title, including a spouse, children, or otherwise, must meet this age threshold in order to qualify. They must also be regularly living in the home at least 6 months of the year. The rest of the reverse mortgage application will depend on: The appraised value of the home The location of the home The type of home being borrowed against The condition of the home Your current, outstanding debt Your age It’s always best to speak with a mortgage broker when seeking this type of loan. They are trained to prepare a proper application for you. They can also advise you on steps to strengthen your application for a reverse mortgage in B.C.