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
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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
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
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
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.

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
2200-25 Ontario Street, M5A 0Y9, Toronto, Canada
- 1-866-644-0802
- reversemortgage@eqbank.ca
- eqbank.ca/reverse-mortgage
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Good bank and online services
I have tried them and the no to low cost for consumers is better than many top banks. Also interest rates are decent.
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.
Glenda Neill was extremely helpful in…
Glenda Neill was extremely helpful in getting us the best deal possible including lowest rate available.
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!!
Easy to understand procedures
Glenda made this experience very easy-to-understand with transparent options and suggestions and answered all my PROS and CONS questions.
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.
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
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
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!
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
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
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.
Stephanie is exceptional all throughout…
Stephanie is exceptional all throughout the application. She knowlegeable and very patience in dealing some challenges that we encounter during the application process.
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!!!
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.
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

Reply from EQ Bank Reverse Mortgages
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