Skip to main content
Mortgage Squad Advisors
HomeEquity Bank (CHIP) logo HomeEquity Bank (CHIP) · Reverse-mortgage specialist

HomeEquity Bank (CHIP) mortgage rates — and how to beat the posted rate.

HomeEquity Bank (CHIP)’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.

Rates as of Jun 16, 2026 · source: live network feed. Personalized rate depends on your file. O.A.C.
Lender type
Reverse-mortgage specialist
Headquarters
Toronto, ON
Established
1986
Products
1+ types
5-year fixed
3.94%
Best in our network
5-year variable
3.60%
Best in our network
3-year fixed
3.84%
Best in our network

How HomeEquity Bank (CHIP)’s broker-channel pricing works

Most Canadian lenders, HomeEquity Bank (CHIP) 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 a HomeEquity Bank (CHIP) 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 HomeEquity Bank (CHIP)’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 HomeEquity Bank (CHIP) is strong
  • CHIP Reverse Mortgage
  • Up to 55% LTV
  • No monthly payment
  • No-Negative-Equity Guarantee
Products HomeEquity Bank (CHIP) funds
Reverse (55+)
Full HomeEquity Bank (CHIP) reviewBest 5-yr fixed Full live boardPayment calculator

HomeEquity Bank (CHIP) mortgage rates — FAQ

What are HomeEquity Bank (CHIP)'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 HomeEquity Bank (CHIP)'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 HomeEquity Bank (CHIP)'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 HomeEquity Bank (CHIP) 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 HomeEquity Bank (CHIP)'s broker desk.
Is HomeEquity Bank (CHIP) a good mortgage lender?
Canada's leading reverse-mortgage lender. The CHIP Reverse Mortgage offers up to 55% of home value as tax-free cash to homeowners 55+, with no monthly payments. No-Negative-Equity Guarantee included.
Can I get a lower rate than HomeEquity Bank (CHIP)'s rate?
Sometimes. HomeEquity Bank (CHIP) is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare HomeEquity Bank (CHIP) against the whole network on one application — you get HomeEquity Bank (CHIP)'s best and the market's best, then choose.
Can I switch to HomeEquity Bank (CHIP) at renewal?
Yes — switching to HomeEquity Bank (CHIP) at maturity is usually penalty-free, and a straight transfer often skips the stress test. We handle the paperwork and confirm HomeEquity Bank (CHIP)'s renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does HomeEquity Bank (CHIP) offer rate holds?
Yes — like all major Canadian lenders, HomeEquity Bank (CHIP) offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to HomeEquity Bank (CHIP) for a real underwritten pre-approval.
How do I apply for a HomeEquity Bank (CHIP) mortgage?
Through a licensed broker you reach HomeEquity Bank (CHIP)'s broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to HomeEquity Bank (CHIP) — and compare it against the rest of the network — with no bureau pull to begin.

Get HomeEquity Bank (CHIP)’s best rate — and 100+ others.

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

Compare other lenders’ rates
RBC Royal Bank ratesTD Canada Trust ratesScotiabank ratesBMO Bank of Montreal ratesCIBC ratesNational Bank of Canada ratesCanadian Western Bank ratesLaurentian Bank ratesTangerine ratesMCAP ratesFirst National ratesRFA Mortgage Corporation ratesMerix Financial ratesCMLS Financial rates