1 APR means the cost of borrowing expressed as an annualized interest rate including any applicable fees such as service charges, loan origination fees or administration fees. The APR figures above are based on the following:
- A mortgage amount of $150,000; plus
- a commitment fee (if applicable) and a closing fee (varies by province)
* Rate available to mortgages with borrower-paid mortgage insurance only. Contact your broker for more information on rates available to you.
|Equitable Prime Rate (P)||7.20%|
Equitable Prime Rate as of July 13th, 2023.
Equitable Bank Reverse Mortgage
Are you a new Equitable Bank Reverse Mortgage customer, or an existing customer taking a subsequent advance in your first term? For Reverse Mortgage Flex rates, click the “Origination” button below.
If you’re an existing customer looking to reset (i.e. renew) your Flex mortgage, or an existing customer taking a subsequent advance in your second term or beyond, please view our rates by clicking the “Reset” button below. Note that rates for our Flex PLUS and Flex Lite products remain the same for both origination and reset.
|Equitable Bank Reverse Mortgage Prime Rate (P)||7.20%|
Equitable Bank Reverse Mortgage Prime Rate as of July 13th, 2023.