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 June 17 and August 31, 2024;: ^{Return to footnote referrer} † Valid on new applications only. Deal must fund within 60 days from the application submission date. Cannot be combined with other offers or discounts. Promo subject to change at any time.