Get rewarded for referring friends
Hopefully your Equitable Bank Reverse Mortgage has brought you a sense of financial control and peace of mind.
If you refer us to a friend, we’ll give you $250 to say thank you and $250 to your friend when their reverse mortgage successfully funds.
Full terms and conditions
The following describes the terms and conditions which apply to participation in the refer-a-friend promotional program offered by Equitable Bank (“EQB”). By participating in the program as a “Referrer” (defined as the individual referring a prospective borrower for a reverse mortgage loan with EQB) or as a “Referee” (defined as the individual being referred for a reverse mortgage loan with EQB by a Referrer), you agree that you will be bound by these rules and acknowledge that you satisfy all eligibility requirements as described herein.
In order to become an eligible “Referrer”, an individual must meet the following requirements:
- Must have funded a reverse mortgage loan with EQB (as either the primary or co-applicant).
- Provide your first name and last name to the Referee for inclusion in their application.
In order for a “Referee” to be eligible for the program, an individual must meet the following requirements:
- Must be a new borrower (i.e., fund a reverse mortgage loan) with no prior reverse mortgage application submission to EQB.
No minimum loan amount is required to qualify for this program.
Limit of $500 in total referral rewards per Referrer per calendar year.
A referral reward of $250 is payable to the Referrer once the Referee’s deal has funded.
A referral reward of $250 is payable to the Referee once their deal has funded.
The Referrer and Referee will be notified via email when the referral reward is paid. It will be in the form of an electronic money transfer or direct deposit, sent within 60 days of the loan being funded.
Referrers may provide unlimited referrals and are entitled to the same reward for each new referral.
No limitations on the timeframe between which the Referee’s and the Referrer’s deal funds.
Applications with multiple borrowers are eligible for only one payment.
The Referee has applied for their reverse mortgage directly with Equitable Bank and is not working with a mortgage broker or advisor to facilitate their reverse mortgage application.
Only one referrer may be included per application.