HomeEquity Bank Prime Rate: 3.95%
For Québec: click here to download HomeEquity Bank's current rate sheet.
For all provinces outside Québec: The following is a summary of the current CHIP Reverse Mortgage interest rates and terms offered by HomeEquity Bank.
||closing and administrative costs2
||Annual Percentage Rate (APR)3
Other rates are available, including Variable – please click here to view all of our rates.
1 These rates are only available for new reverse mortgage originations and are subject to meeting HomeEquity Bank’s credit granting criteria. Offer may be changed, extended or withdrawn at any time without notice. Rates are adjustments off of posted rates.
2 These fees may vary based on individual circumstances.
3 APR is the estimated cost of borrowing for 5 years expressed as an annual percentage. It is based on a mortgage of $150,000 and includes the applicable closing costs.