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Another source of funds for retirees based on equity in their homes

Posted On: Friday, January 19, 2018

New solution from Equity Bank. Another way for retired folks to enhance their cash flow. This may be worth a look if your retirement years need a financial boost.

Another source of funds for retirees based on equity in their homes

 

Equitable Bank launches equity release solution for elderly Canadians

Here in Southern Georgian Bay, including Collingwood, Blue Mountain, and Thornbury, we have great year round activities and the endless possibilities to keep active.  The skiing, snowshoeing, cycling and boating are just the start of what we can enjoy here.  And our real estate very affordable as compared to other communities.  Read on:

by Ephraim Vecina 18 Jan 2018

 Amid growing retirement income uncertainty among Canadians, Equitable Bank has announced the launch of its Path Home Plan, which is intended to help homeowners age 55 and above unlock the equity in their homes.

The bank, a subsidiary of Equitable Group Inc., added that the Plan will initially be available to homeowners in Alberta, British Columbia, and Ontario through mortgage brokers.

“Canadians deserve options when it comes to their financial well-being as they age, and we want to help homeowners stay in control, while still living in their homes,” according to Kim Kukulowicz, Equitable Bank vice president of residential sales and partner relations.

“For a long time, Canadians have had limited choices to access the equity in their homes,” Kukulowicz added. “Now, they can sit down with an experienced and well-established mortgage broker network, and get the right guidance and personalized options that meet their needs.”

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Coral Robinson, Broker, RE/MAX four season realty Collingwood, Thornbury, Blue Mountain

Coral Robinson B.A., Broker

RE/MAX four seasons realty limited, Brokerage
67 First St., Collingwood, Ontario, L9Y 1A2

Call or text me:
705-446-4748

Email me:
coralrobinson@rogers.com