EQ Bank Reverse Mortgages Reviews 

157
TrustScore 4.5 out of 5

4.5

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Rated 2 out of 5 stars

I had an appointment for a representative to call me, which was confirmed by email from EQ bank. When no one had called 15 minutes after the agreed time I called customer service and they put me on ho... See more

Rated 5 out of 5 stars

We are very impressed how Equitable Bank handled our business,answered all of our questions and made the whole process smoothly and promply. We really enjoyed working with Glenda Neill. She helped us... See more

Rated 5 out of 5 stars

A huge decision, back & forth, to step into a Reverse Mortgage with Equitable Bank made all the easier with Mitch & Charlene who guided me along the way. Calls were always returned in quick time &... See more

Rated 5 out of 5 stars

Definitely the best banking person I have encountered. Explains the process & guided me through all the steps, including some quite frustrating ones! Always encouraging, patient & understanding. Eve... See more

Company details

  1. Financial Institution
  2. Bank
  3. Mortgage Lender

About EQ Bank Reverse Mortgages

Written by the company

Enjoy your hard-earned home equity in retirement, without having to sell or make monthly payments. Access your home equity in tax-free cash and stay in the home you love. Plus, we’ll beat any posted rates for comparable reverse mortgages.* Is your traditional mortgage weighing you down? Do you have high-interest debt? Or maybe you’re simply looking to free up cash flow to fund home renovations or help a loved one. Whatever your priorities, we can find a solution that works for you. Call us today to chat with one of our reverse mortgage specialists.

We’ll beat any posted rates for comparable reverse mortgages.*

Access your home equity in tax-free cash. Stay in the home you love with no monthly payments to worry about.

Is your traditional mortgage weighting you down? Do you have high-interest debt? Or maybe you’re simply looking to free up cash flow to fund home renovations or help a loved one. Whatever your priorities, we can find a solution that works for you.

Call us today to chat with one of our reverse mortgage specialists.

1-866-644-0802

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Contact info

4.5

Excellent

TrustScore 4.5 out of 5

157 reviews

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4.5

All reviews

(157)

41 reviews in the last 12 months

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

A Very Pleasant Experience

I recently had the pleasure of working with Glenda Neill in helping my mum get a reverse mortgage. Glenda was so nice and pleasant to work with. She helped us every step of the way and answered all of our questions. Overall it was a very pleasant experience.

April 2, 2026
Unprompted review
Rated 5 out of 5 stars

What an asset!!

Definitely the best banking person I have encountered. Explains the process & guided me through all the steps, including some quite frustrating ones! Always encouraging, patient & understanding. Even sent good wishes & an emoji on my birthday; which was the "icing on the cake"( pardon the pun!!) Stephanie Caero is a treasure; look after her!!

February 18, 2026
Unprompted review
Rated 5 out of 5 stars

I dealt with Stephanie Caero at EQ bank…

I dealt with Stephanie Caero at EQ bank and I recommend her highly. My reverse mortgage went through so fast, and Stephanie was there every step of the way, 'holding' my hand if necessary. The only thing that I wasn't too happy about was that EQ bank insisted that I hire a separate (2nd) lawyer however it might be required legally. The process isn't inexpensive.

February 2, 2026
Unprompted review
Rated 5 out of 5 stars

FCT team!

Our customer advisor Glenda Neill is a very professional, people oriented, helpful and knowledgeable person.
Highly recommended!
All the documents are understandable and very important! Thank you FCT team for your excellent work!
Martha

January 27, 2026
Unprompted review
Rated 5 out of 5 stars

With Stephanie it was easy task…

With Stephanie it was easy task following step by step
for the Reverse Morgage!
I am very pleased with Equitable Bank.
Just would like to thank again Stephanie for her patience and her dedication.
Thank you Stephanie.
Sincerely
Lise Demeter

January 15, 2026
Unprompted review
Rated 5 out of 5 stars

Best Financial Institute

Excellent! One of the best financial institutes by far! No fees, no lies, they pay you, for having an account! They also pay back all ATM FEES! AWESOME FINANCIAL INSTITUTE!

January 14, 2026
Unprompted review
Rated 5 out of 5 stars

Service Excellence – Equitable Bank

Service Excellence – Equitable Bank
The process of obtaining funding from Banks is normally a harassing journey.
However, from my first contact with Stephanie Careo, applying for Equitable Bank’s Reverse Mortgage to funding Stephanie managed to make me feel that I was the only person she helping.
At this time my wife of 51 years was slipping away due to the ravage of pancreatic cancer.
Thank Stephanie for making the process so smooth.
Louis Meyer

December 13, 2025
Unprompted review
Rated 5 out of 5 stars

Easy and professional.

From beginning to end my CES Stephanie Caero was very helpful, patient and professional, always answering all my questions promptly and thoroughly. She made what could have been a difficult time easy and I always felt respected as she guided my way through unchartered territory. I am happy overall with using Equitable Bank

December 16, 2025
Unprompted review
Rated 5 out of 5 stars

EQUITABLE BANK IS THE BEST CHOICE

GLENDA gave
excellent and professional customer service and guided me through the process smoothly and answered all
My questions in a timely and easy to understand manner.
Very knowledgeable and easy to
Converse with.

November 7, 2025
Unprompted review
Rated 5 out of 5 stars

Great Company and Customer Service

EQ Bank and Stephanie Caero were fantastic to work with, Stephanie answered all my questions promptly and everything was done quickly and with the utmost professionalism. I would 100% recommend this company and Stephanie Caero!!!

October 28, 2025
Unprompted review
Rated 1 out of 5 stars

From Trust to Exploitation — A Cautionary Tale

Review: After three years of responsible business with Equitable Bank’s reverse mortgage team, I was appalled by their recent conduct. They pressured and intimidated my guarantor—who had supported me throughout the process—causing her to withdraw from signing the renewal agreement. This was not just unethical, it was strategic: Equitable Bank used this tactic to justify raising my mortgage rate from 3.8% to 9%, nearly tripling my monthly payment from $3,461 to $5,363.29.

This is not customer service—it’s exploitation. Their actions reflect greed, dishonesty, and a complete disregard for the well-being of their clients. I strongly advise others to think twice before trusting this institution with their financial future.

September 25, 2025
Unprompted review
Rated 4 out of 5 stars

We initially had a rough start with an…

We initially had a rough start with an advisor who didn't seem to care much. However, we then transferred to Stephanie, and she really helped us immensely throughout the process. There were many uphill battles, but she handled everything like a true professional—even when she was on vacation! We truly appreciate her help; we couldn't have done it without her. Just make sure your lawyer has your paperwork in order, or you'll end up waiting forever. done it without her help, just make sure your lawyer has your paperwork in order or you'll be waiting for ever

September 1, 2025
Unprompted review
EQ Bank Reverse Mortgages logo

Reply from EQ Bank Reverse Mortgages

Hi, thank you for the great review. We're happy to hear that Stephanie was an immense help!

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