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Equitable Bank partners with Coast Capital to offer members reverse mortgage product
Equitable Bank partners with Coast Capital to offer members reverse mortgage product ...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n Equitable Bank partners with Coast Capital to offer members reverse mortgage product\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 14, 2021\n \n /CNW/ - Equitable Group Inc. (TSX: EQB) (TSX: EQB.PR.C), through its wholly-owned subsidiary Equitable Bank (Equitable), is pleased to announce a new arrangement with Coast Capital Savings Federal Credit Union (Coast Capital) to bring the Equitable Bank Reverse Mortgage to members of the BC-based federal credit union.\n \n \n \n \n \n \n \n \n \n Through this referral program, Equitable's reverse mortgage offering will be available to eligible Coast Capital members, allowing them to access up to 55% of their home's value to aid in reaching their financial goals and build their better future.\n \n \n \"Coast Capital members have come to know their financial institution as a reliable partner and trusted advisor in building their financial wellbeing at every stage of life and we are keen to partner with them to deliver this product to their membership,\" said\n \n Paul von Martels\n \n , Vice President of Reverse Mortgage Lending at Equitable Bank. \"Accessing home equity for changing financial needs is not new, a reverse mortgage provides another tool that allows for continued home ownership while making funds available for other needs and aspirations,\" von Martels continues. \"We are thrilled to bring more diversity to Coast Capital's suite of products.\"\n \n \n This arrangement highlights Equitable Bank's commitment to providing better options for the decumulation needs of Canadians by challenging the status quo and consistently providing more value to Canadians. Through its Reverse Mortgage offering, qualifying homeowners over the age of 55 can access up to 55% of their home's value. With a growing cohort of retired Canadians planning to live in their homes for as long as possible, reverse mortgages provide an important financing source.\n \n \n \"Our partnership with Equitable Bank is a perfect illustration of the possibilities that exis...