Funding

Independent Legal Advice FAQ

To ensure that you fully understand the legal aspects of your reverse mortgage, all clients (including non-title holding spouses) are required to obtain Independent Legal Advice (ILA). Use our explainer to learn more about ILA and how it works.

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Funding Process Guide

To better prepare yourself to make the decision that’s right for you, use our helpful guide to Equitable Bank Reverse Mortgage funding options.

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Footnotes

Equitable Bank regularly monitors the posted rates of its reverse mortgage competitors;: ^{Return to footnote † referrer} Equitable Bank regularly monitors the posted rates of its reverse mortgage competitors. If the rate posted on a competitor’s website for a comparable reverse mortgage product in Canada is lower than ours on the date of your application, we will offer you a better rate. All applications are subject to Equitable Bank’s standard lending guidelines, practices and approval criteria. If you submit your application on a non-business day, we will compare rates as posted on the following business day. New originations only. Promotions excluded.
Valid on new applications only; submitted between April 15 and May 31, 2024;: ^{Return to footnote referrer} † Valid on new applications only; submitted between April 15 and May 31, 2024. Deal must fund by July 31, 2024. Cannot be combined with other offers or discounts. Promo subject to change at any time.