Plan ahead with the Equitable Bank Reverse Mortgage

HOMEOWNER AND 55 YEARS OF AGE OR OLDER?

You may be eligible to turn a portion of your home equity into cash with the Equitable Bank Reverse Mortgage!

USE THE FUNDS TO:
 
  • Pay off debt
  • Cover everyday expenses
  • Make home renovations
  • Help your kids purchase a property
  • Provide an early inheritance

The Equitable Bank Reverse Mortgage is a long-term financing solution for Canadians 55 years of age and older, that allows qualifying homeowners to convert a portion of their home equity into cash on a tax-free basis. With this reverse mortgage, borrowers are able to remain in their principal residence and no payments are required until the mortgage becomes due.

How reverse mortgages
made a difference

Because of [Darlene’s] extra effort on our behalf, we’ll spend a much happier Christmas with our father. Now that the financial issues are resolved, we are finally home again.

Bettie, approved for $200,000

We were able to purchase a cottage with our kids and enjoy the summers as a family without dipping into our RRSPs. We looked at the cottage as early inheritance and we are loving it. The cottage and the house are appreciating which more than covers the interest on the Reverse Mortgage.

Will & Sandy, approved for $280,000

Times got tough after my property was re-assessed and my taxes went up. The reverse mortgage gave me the breathing room I needed to stay in my home and still travel to see my daughter and grandchildren in the U.K every year.

Mary, approved for $100,000

THE EQUITABLE BANK REVERSE MORTGAGE

THE EQUITABLE BANK REVERSE MORTGAGE

TAKE CONTROL

The Equitable Bank Reverse Mortgage puts you in the driver’s seat. Whether you’re looking to pay off debts, have additional cash flow, or finance the purchase of a new property, you’re in charge.

HERE’S HOW IT WORKS
 
  • For homeowners aged 55 and older
  • Loan amount based on age(s) of borrower(s) and property value
  • No interest or principal payments required
    until the mortgage becomes due
  • Access funds as a lump-sum or as scheduled
    advances
BENEFITS
 
Straightforward application process

No monthly payments

Tax-free cash

Flexible repayment options

Retain ownership of your home

The borrower is not required to repay the loan until the home is sold or is otherwise vacated.* As long as the borrower lives in the home for at least 6 months per year, he or she is not required to make any monthly payments towards the loan balance. The borrower must remain current on property taxes, homeowners insurance and homeowner’s association dues (if applicable).

MEET DARLENE VILAS,
THE REVERSE MORTAGE EXPERT

LET’S TALK ABOUT YOUR FINANCIAL NEEDS

With over 10 years of experience, Darlene Vilas is the reverse mortgage expert. Her expertise has helped people across the GTA reimagine their financial future. And she’s ready to work together with you and yours.


Misssissauga Office
3-2624 Dunwin Drive
Mississauga, ON
L5L 3T5

1-866-597-5626

Equitable Bank Reverse Mortgage

Download our brochure to share the benefits with your family today

Download our brochure to share the benefits with your family today

Download now

CONTACT

IF YOU’RE NOT QUITE READY OR YOU
HAVE A QUESTION, WE’RE HERE TO HELP.

Mississauga Office
3-2624 Dunwin Drive
Mississauga, ON
L5L 3T5
1-866-597-5626

IF YOU’RE NOT QUITE READY OR YOU
HAVE A QUESTION, WE’RE HERE TO HELP.

Mississauga Office

3-2624 Dunwin Drive
Mississauga, ON
L5L 3T5
1-800-243-9505

Contact Us
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