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New reverse mortgage option opens more doors for Canadian retirees
New reverse mortgage option opens more doors for Canadian retirees Canada NewsW...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n New reverse mortgage option opens more doors for Canadian retirees\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.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Nov. 10, 2020\n \n \n \n \n \n \n Equitable Bank adds to its suite of products aimed at helping homeowners age in place while preserving their hard-earned equity\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 10, 2020\n \n /CNW/ - Equitable Group Inc. (TSX: EQB) (TSX: EQB.PR.C), through its wholly-owned subsidiary Equitable Bank, is introducing a new reverse mortgage product that gives Canadian retirees more options for accessing their home equity. Equitable Bank's Reverse Mortgage Flex allows homeowners to access more money on their reverse mortgage than previously available -- up to 55% of their home's value. Equitable's original Reverse Mortgage product remains an attractive option for homeowners who need access to less money at record-low rates.\n \n \n \n \n \n \n \n \n \n \"More than 90%\n \n 1\n \n of retired Canadians intend to stay in their homes for as long as possible.\" said\n \n Paul von Martels\n \n , Vice-President of Reverse Mortgage Lending at Equitable Bank. \"The current environment has made higher density living options, like retirement homes, understandably less appealing. The typical approach of selling one's home to fund later-in-life needs is becoming an inferior option. We're seeing first-hand that Canadians want access to more of their home equity to finance their aging in place plans. By listening to our customers and challenging ourselves to find better banking options for all Canadians, we believe we can be part of the sol...