Equitable Bank - Reverse Mortgage Appraisal Promo

Appraisal Promo – this is a value-add given the cost of the appraisal to getting an application submitted (runs until Apr. 30).

Reverse Mortgage Appraisal Promo

Great news! , we will cover your clients’ reverse mortgage appraisal fee! Submit before March 31, 2023, and your client could save up to $500. *

• EQB to cover appraisal costs up to $500

• Applies to all applications submitted between End April 30, 2023

• Deals must fund within 90 days of receipt

• Deals that qualify for FCT AVM valuation will show a $0 charge ($375 not deducted from advance)

• Deals that require a full appraisal will need to have an accompanying invoice

• Full appraisal cheques to be cut end of May and June

If you have clients on the fence about proceeding with their reverse mortgage, this cost-saving incentive may nudge them along.

With the lowest rates in Canada 1 and a limited-time appraisal fee promotion, now is a great time for your clients to apply and save—and for you to earn premium broker compensation (200 bps up to $40,000).

Help your clients unlock financial peace of mind.

**Email Rizwan to BOOK A REVERSE MORTGAGE Skill Build with us!**

* Deal must fund within 90 days of submission to be eligible. Reimbursement for out-of-pocket expenses will be made within 60 days of mortgage closing.

Reverse Mortgage Training: We have a webinar coming up on Apr. 20 – ‘Ask the Expert’ featuring credit and sales experts, answering any and all reverse mortgage questions ;

Date: April 20, 2023

Time: 1:00 pm – 2:00 pm ET

Register here and ask our experts your reverse mortgage questions.