Equitable Bank Company Profile

Equitable Bank is a Canadian Mortgage Lender

Equitable Group Inc. is a niche mortgage lender whose core business is first charge mortgage financing that is offered through its wholly owned subsidiary, Equitable Bank. Founded in 1970, Equitable Bank is a federally incorporated financial institution offering insured deposits. Equitable Bank serves single family, small and large commercial borrowers, and their mortgage advisors.

Single family customers include Business-For-Self Canadians, newcomers, and investors who have the financial resources to achieve real estate ownership but do not meet the traditional credit criteria of the major banks. For new single family purchases or re-financing, we provide open and fixed-term mortgages with terms of up to five years on a variety of properties including homes and rental units. Equitable Bank actively originates mortgages in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia.

Equitable Bank Mortgage Rates

Equitable Bank Mortgage Rates

The lowest mortgage rates currently offered by Equitable Bank

Variable 1 Year 2 Year 3 Year 4 Year 5 Year 7 Year 10 Year
- 3.14% 3.04% 3.75% 4.54% 4.94% - -
Equitable Bank Variable Rate Equitable Bank 1 Year Fixed Rate Equitable Bank 2 Year Fixed Rate Equitable Bank 3 Year Fixed Rate Equitable Bank 4 Year Fixed Rate Equitable Bank 5 Year Fixed Rate Equitable Bank 7 Year Fixed Rate Equitable Bank 10 Year Fixed Rate

Equitable Bank News

Mortgage Rate and Product Changes from Equitable Bank

Equitable Launches HELOC Product

Equitable Bank Launches HELOC Product

December 1, 2013 - Equitable Bank is proud to announce the launch of a new HELOC product. Credit limits will start at $1,000 and will go as high as $50,000. Maximum loan to value is set at 65% for the HELOC component while the combination with a mortgage can go to 80%. They will be accepting applications for the new HELOC product as of December 16, 2013.

Equitable Becomes Schedule I Bank

Equitable Granted Canadian Schedule I Bank License

June 27, 2013 - Equitable Group Inc today announced that it has received approval from the Minister of Finance to continue its wholly owned subsidiary, The Equitable Trust Company, as a Schedule I bank called Equitable Bank effective July 1, 2013. Equitable's conversion to a Schedule I bank will elevate their standing with Canadian depositors, deposit brokers, borrowers and mortgage brokers.