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Your home may be foreclosed if you don't keep up your mortgage repayments. You may also have to pay a prepayment penalty if you refinance your mortgage before the end of the mortgage term.
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Equitable Bank is Canada’s 8th most significant Scheduled I Bank, with over $40 billion in assets under management. Founded in 1970 as The Equitable Trust Company, Equitable Bank offers a diverse suite of single-family residential lending, commercial lending, and savings solutions, including high-interest savings products and GICs.
It is headquartered in Toronto and has Halifax, Montreal, Calgary, and Vancouver offices. Equitable Bank is a Canada Deposit Insurance Corporation member, and it is publicly traded on the Toronto Stock Exchange under the tickers EQB and EQB.PR. C.
Equitable Bank offers a great line of customizable alternative residential mortgage solutions for self-employed individuals new to Canada with no or limited credit history, poor credit history, and real estate investors. It also offers Prime mortgage solutions insured by CMHC, Canada Guaranty, and Sangen under its EQB Evolution Suite brand.
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