Let’s see if a reverse mortgage is right for you.

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My Reverse Mortgage Process


Decide how much of your home equity you would like to access without scrutiny of your income, credit, or health.



Contact me to find out how much you qualify for. I will personally walk you through the entire process from start to finish.


Receive the money you need in one lump sum or multiple instalments. Spend the money however you like!



The full amount only becomes due when you and your spouse pass away, when your home is sold, or if you decide to move.


Mortgage Professional

Hi, I’m Sabeena. I’m a mortgage consultant with Xeva Mortgage working from Vancouver’s North Shore.

I became a mortgage broker in 2004 after working in mortgage lending for more than 11 years. The experience I gained working with lending companies allowed me to successfully transition into the independent mortgage broker role.

I’m very proud to say that since 2004 I have helped 2,700+ clients borrow more than $675M in mortgages!

I’m committed to finding solutions for my clients that go beyond just getting a good interest rate. I’m a specialist in reading fine print and love to help my clients get the mortgage product that best suits their needs.

I’m also a CHIP Certified Reverse Mortgage Specialist, which means I can provide my clients with even more comprehensive financing options. This unique program provides Canadians 55 and older with specialized financing that enables them to free up some of their home equity while remaining in the comfort of their home.

Unlike many mortgage-based financial products, with a CHIP Reverse Mortgage, borrowers are not obligated to make any payments until they choose to move or sell. I’d love to help you look at all your options. Contact me anytime!

Frequently Asked Questions

How does a CHIP Reverse Mortgage work?

A CHIP Reverse Mortgage is secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.

The big advantage with the CHIP Reverse Mortgage is that you do not have to make any regular mortgage payments for as long as you or your spouse lives in your home. That’s what has made reverse mortgages such a popular solution in Canada, the U.K., the U.S., Australia and other countries.

How do I receive the money?

You can choose how you want to receive the money. The CHIP Reverse Mortgage gives you the option of receiving all the money you’re eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. Planned advances are available on the Income Advantage product.

Will the bank own the home?

No. The homeowner retains title and maintains ownership of the home. It’s required for the homeowner to live in the home, pay taxes on time, have property insurance, and maintain the property in good condition.

Should reverse mortgages only be considered as a loan of last resort?

No. Many financial professionals recommend a reverse mortgage to supplement monthly income instead of selling and downsizing, or taking out a conventional mortgage or a line of credit.

Who is it for?

The CHIP Reverse Mortgage is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.

How much can I get and how is it calculated?

You can receive up to 55% of the value of your home. The specific amount is based on your age and that of your spouse, the location and type of home you have, and your home’s current appraised value. You can contact me and I can quickly give you an estimate of how much you may be approved for. 

Will the homeowner owe more than the house is worth?

The homeowner keeps all the equity remaining in the home. In our many years of experience, over 99% of homeowners have money left over when their loan is repaid. The equity remaining depends on the amount borrowed, the value of the home, and the amount of time that’s passed since the reverse mortgage was taken out.

What if the homeowner has an existing mortgage?

Many of our clients use a reverse mortgage to pay off their existing mortgage and debts. 

What fees are associated with a reverse mortgage?

There are one time fees to arrange a reverse mortgage such as an appraisal fee, fee for independent legal advice as well as our fee for administration, title insurance, and registration. With the exception of the appraisal fee, these fees are paid for with the funding dollars.

Nothing Beats A Conversation

If you’ve got questions about your unique financial situation, please contact me anytime!


Who received the right mortgage for them.

Sabeena was fabulous to work with, and really took the time to understand our needs. After meeting with her to discuss our financial situation, she recommended a CHIP mortgage instead of the line of credit we came to see her about. We discussed this with our family, and decided to go that route instead.

The freedom we have to live our lives without worrying about making mortgage payments was a really big deal to us. We hadn’t even thought of a reverse mortgage before meeting with Sabeena.

If you are looking for someone who is professional, caring, and will take the time to work through all your options, we suggest you contact Sabeena Bubber, she is fabulous. Thanks for everything Sabeena.

Kirk & Ramona
North Vancouver Residents

My Services

As an independent mortgage professional, I will take a look at your financial situation and offer more than just a single product. Although a reverse mortgage might be the best solution, it shouldn’t be your only choice. When you work with me, you will be able to pick the mortgage product that best suits your needs.


Flexible Mortgages

As your life can change at any time, I can offer you a wide range of mortgage products.


Excellent Service

You can expect an excellent customer service experience when you work with me.

Qualified Advice

As an expert in the field I will listen and address all your questions and concerns.


I commit to working on your behalf to find you the best mortgage for your needs.

Contact Me Anytime

Sabeena Bubber, AMP

Mortgage Professional


P: 604-862-8526


Office Locations

500-224 West Esplanade
North Vancouver, BC.




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