Equitable Bank · 4-Year FixedEquitable Bank 4-year fixed mortgage, compared.
Equitable Bank isn’t posting a broker-channel 4-year fixed on our rate board today — the best 4-year fixed across our network is 4.14%. Equitable Bank prices through brokers only. We compare its sheet against 100+ lenders.
How does Equitable Bank’s 4-year fixed compare?
Equitable Bank isn't currently posting a broker-channel 4-year fixed on our rate board, so the rate above is the best 4-year fixed across our 100+ lenders — not Equitable Bank's own. For this term we shop your file across the full shelf, Equitable Bank included, and bring back the sharpest fit.
The trade-off, and what drives the rate
The trade-off. You give up the broad availability of the 5-year in exchange for an occasionally sharper, slightly shorter lock.
What drives the rate. Priced between the 3- and 5-year bonds, the 4-year fixed is offered by fewer lenders, which means the handful who promote it can be unusually competitive on it. The right lender mix is everything for this term.
What would my payment be with Equitable Bank?
About $2,988/month. On a $700,000 home with 20% down, the mortgage is $560,000. That’s at the network’s best 4-year fixed rate of 4.14% over a 25-year amortization. Equitable Bank does not lend direct to the public, so this rate only exists through a licensed brokerage — and on the same application we price it against the rest of the network rather than taking it on its own. Model your numbers in the payment calculator.
What a 4-year fixed with Equitable Bank means in practice
Equitable Bank is an alt-A lender that lends through brokers only. That matters on a 4-year fixed because the Big-6 price a fixed-rate break with posted-rate IRD, while lenders off the bank shelf more often use fair, contract-rate IRD — typically far cheaper for the same break. On a shorter fixed term the gap narrows, because the IRD window is smaller. Equitable Bank's commitment and written payout statement are the binding word on its method.
More on Equitable Bank's 4-year fixed: penalties, privileges and programs
Equitable Bank's prepayment privilege on our table: a 20/25 privilege — a 20% annual lump sum and a 25% payment increase (Alt-A: 20% lump + up to 25% payment increase). On a $560,000 mortgage that is up to $112,000 a year.
Against the Big-6. For contrast, all six Big-6 banks price a fixed break with posted-rate IRD, against representative 5-year posted rates of 6.79%-6.84%. Their prepayment room: TD and National Bank (15% lump sum plus double-up), RBC and CIBC (10% lump sum plus double-up), Scotiabank (15/15), BMO (20/20).
How does Equitable Bank price the broker channel?
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.
Equitable Bank's rate sheets and strengths
Equitable Bank has a single 4-year fixed rate sheet and it is wholesale — published to licensed brokers, with no retail counterpart, because origination is the broker’s job rather than a branch network’s. That is why their pricing is often sharp: the cost the Big-6 carry in branches is not in it. On a $700,000 mortgage, 20 bps is roughly $1,400 a year, which is the size of the gap worth shopping for.
- BFS + self-employed alt-A
- PATH reverse mortgage
- Commercial mortgages
- Specialty lending
Why get Equitable Bank’s 4-year fixed through a broker?
Because Equitable Bank lends through brokers only. We can help you save money.
Access the broker channel
Equitable Bank funds exclusively through the broker channel — there is no branch or website that will sell you this 4-year fixed directly, so a licensed brokerage is the only route to it.
Switch or renew without overpaying
At maturity we benchmark Equitable Bank's renewal/switch offer against the whole market so you never auto-renew high.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions
Whatever your situation with Equitable Bank
We submit to Equitable Bank’s broker desk and 100+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — Equitable Bank or whichever lender prices you lowest.
Refinancing
Tap your home equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Equitable Bank — compare the offer against the market.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking an Equitable mortgage
Estimate the IRD or three-months-interest penalty before you switch out of Equitable Bank.
Equitable Bank 4-year fixed rate — FAQ
What is Equitable Bank's 4-year fixed mortgage rate today?
The best 4-year fixed across our 100+ lender network is approximately 4.14% as of Oct 24, 2026. Equitable Bank publishes to the broker channel only, so as an FSRA-licensed brokerage we access their 4-year fixed sheet directly — there is no consumer rate you could get instead. Your exact rate depends on your file.
How do I get Equitable Bank's broker-channel 4-year fixed rate?
Equitable Bank has no retail channel at all: their rate sheet is wholesale, published to licensed brokers only. We submit your file directly to Equitable Bank's broker desk and, on the same application, compare it against the rest of the network so you see Equitable Bank's best 4-year fixed and the market's best side by side.
What prepayment privileges come with an Equitable Bank 4-year fixed?
For Equitable Bank, our privilege table records a 20/25 privilege — a 20% annual lump sum and a 25% payment increase (Alt-A: 20% lump + up to 25% payment increase). On a $560,000 mortgage that allows up to $112,000 a year in lump sums. Prepaying within the allowance also lowers the balance a later break penalty is calculated on. The exact privilege is set in your commitment letter.
How does breaking an Equitable Bank 4-year fixed work?
Standard fixed-term math (the greater of three months' interest or IRD), sitting between the 3- and 5-year in penalty size. The method matters as much as the term: the Big-6 banks compare your contract rate against today's posted rate minus the discount you received at signing, while lenders off the bank shelf more often use fair contract-rate IRD, which is typically far cheaper for the same break. Equitable Bank's written payout statement is the only binding number — estimate it first with our mortgage penalty calculator.
Can I get a lower 4-year fixed rate than Equitable Bank's?
Sometimes. Another of our 100+ lenders may price your specific 4-year fixed better — we put Equitable Bank and the rest of the network on one application, then you choose.
Get Equitable Bank’s best 4-year fixed — and 100+ others.
One application, no credit pull to begin. We submit to Equitable Bank and shop the whole network for your file.