Resource person: Pam Petrie

Description:

This course offers a clear, practical introduction to reverse mortgages in Canada, designed to help older homeowners understand how this financial tool can support their retirement goals. Participants will learn what a reverse mortgage is, how it works, and the safeguards built into Canadian regulations. We will explore eligibility requirements, payment options, interest considerations, and how funds can be used to reduce financial stress, supplement retirement income, or plan for future needs.
The course also addresses common misconceptions, including concerns about losing ownership of the home or leaving less for heirs. Real-world examples will illustrate when a reverse mortgage may be a suitable solution and when it may not be the right fit.
By the end, participants will feel more confident evaluating reverse mortgages as part of a broader retirement strategy.

Instructor: Rich Ulvild is a Seniors Lending Specialist and award-winning mortgage professional with more than 20 years of experience helping Canadians 55+ unlock the value of their homes safely, responsibly, and strategically. Recognized as one the Top 3 Mortgage Brokers in the Peach Arch News Readers’ Choice Awards in 2024 and 2025, Rich brings deep industry expertise and a long-standing commitment to serving his community.
He currently serves as Chair of the White Rock/Surrey Chapter of CARP (Canadian Association of Retired Persons), is a Steering Committee member of the Semiahmoo Seniors Network, and active member of Langley Seniors in Action.
Rich recently completed his term on the board of the South Surrey White Rock Chamber of Commerce (now the Surrey White Rock Board of Trade), where he contributed to the Transition Committee, Interim Board, and CEO Search Committee.
Whether supporting clients one-on-one or leading community-focused initiatives, Rich is known for his professionalism, integrity, and warm, approachable style - all grounded in a genuine commitment to helping seniors enjoy greater comfort, confidence, and financial security in retirement.

Mandatory membership(s):

• Individual Membership 2025-26

Available spots: 43 out of 45

Price: $20.00 Taxes not included

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