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Mortgage Squad Advisors
Equitable Bank logo Equitable Bank · Alt-A / B-lender

Equitable Bank mortgage rates — and how to beat the posted rate.

Equitable Bank’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 100+ lenders so you get the best fit, not just one bank’s sheet.

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Rates as of Oct 13, 2026 · source: live network feed. Personalized rate depends on your file. O.A.C.
Lender type
Alt-A / B-lender
Headquarters
Toronto, ON
Established
1970
Products
5+ types
5-year fixed
4.14%
Best in our network
5-year variable
3.44%
Best in our network
3-year fixed
3.99%
Best in our network

How Equitable Bank’s broker-channel pricing works

Most Canadian lenders, Equitable Bank included, run two rate sheets: a posted/branch rate quoted to walk-in customers, and a wholesale broker-channel rate offered through licensed mortgage brokers. The broker rate is usually 15-30 bps lower because the broker handles origination, document collection and file packaging — work the lender would otherwise pay branch staff to do.

You can’t access the broker rate by walking into an Equitable Bank branch — only a licensed brokerage can submit to their broker desk. We do exactly that, then put the same file in front of 100+ other lenders so Equitable Bank’s offer is benchmarked against the whole market. On a $600,000 mortgage, 20 bps is roughly $1,200 a year in interest — real money over a 5-year term.

Where Equitable Bank is strong
  • BFS + self-employed alt-A
  • PATH reverse mortgage
  • Commercial mortgages
  • Specialty lending
Products Equitable Bank funds
PurchaseRefinanceSelf-employedReverse (55+)Commercial
Full Equitable Bank reviewBest 5-yr fixed Full live boardPayment calculator

Equitable Bank mortgage rates — FAQ

What are Equitable Bank's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access Equitable Bank's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
What's the difference between Equitable Bank's posted rate and the broker rate?
The posted (or "special offer") rate is what you see advertised or quoted in a branch. The broker-channel rate is the wholesale pricing Equitable Bank offers through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only access it through a broker; we submit your file directly to Equitable Bank's broker desk.
Is Equitable Bank a good mortgage lender?
Major alt-A bank + reverse mortgage lender (PATH). Strong on BFS, self-employed, and complex-income files. The PATH reverse mortgage program is a primary alternative to CHIP for 55+ borrowers.
Can I get a lower rate than Equitable Bank's rate?
Sometimes. Equitable Bank is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare Equitable Bank against the whole network on one application — you get Equitable Bank's best and the market's best, then choose.
Can I switch to Equitable Bank at renewal?
Yes — switching to Equitable Bank at maturity is usually penalty-free, and a straight transfer (same balance, same amortization) skips the stress test. We handle the paperwork and confirm Equitable Bank's renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does Equitable Bank offer rate holds?
Yes — like all major Canadian lenders, Equitable Bank offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to Equitable Bank for a real underwritten pre-approval.
How do I apply for an Equitable Bank mortgage?
Through a licensed broker you reach Equitable Bank's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to Equitable Bank — and compare it against the rest of the network — with no bureau pull to begin.

Get Equitable Bank’s best rate — and 100+ others.

One application, no bureau pull to begin. We submit to Equitable Bank and shop the whole network for your file.

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