Switch Your Mortgage
Making the move
If you’re looking to switch your mortgage from another financial institution, you’ve come to the right place. When you’re up for renewal or thinking of transferring your mortgage mid-term, there’s a lot to consider. From rates to prepayment options to terms and conditions and back again—it can be challenging to find the right lender to match your financing needs
That’s why we now offer a switch option under the EQB Evolution Suite® that makes it easy to find a mortgage at Equitable Bank that’s right for you.
Why choose Equitable Bank
Our switch program is designed to put you first by working with your mortgage broker to understand what you’re looking for and what you can afford. Through our competitive rates and flexible options, we can help you to continue building equity in your home so you can reach your homeownership goals.
Talk to a mortgage broker today to see if you’re eligible for a no-fee transfer with our fixed and adjustable rate options available under the EQB Evolution Suite®.
Adjustable Rate Closed Mortgage
Get more prepayment flexibility with our EQB Evolution Suite® Adjustable Rate Mortgage. To help you pay down your mortgage faster, you can now increase your monthly payment up to 15% and make lump sum payments of up to 15% of your original principal balance once every calendar year, without incurring a prepayment charge.
To support your prepayment needs, we’ve changed our prepayment charge to three months’ interest.