HomeEquity Bank (CHIP)
HomeEquity Bank (CHIP) mortgage rates — and how to beat the posted rate.
HomeEquity Bank (CHIP)’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 50+ lenders so you get the best fit, not just one bank’s sheet.
Rates as of May 13, 2026 · source: editorial rate registry. Personalized rate depends on your file. O.A.C.
5-year fixed
4.19%
Best in our network
5-year variable
4.04%
Best in our network
3-year fixed
4.39%
Best in our network
About HomeEquity Bank (CHIP) (a broker’s view)
Canada's leading reverse-mortgage lender. The CHIP Reverse Mortgage offers up to 55% of home value as tax-free cash to homeowners 55+, with no monthly payments. No-Negative-Equity Guarantee included.
- CHIP Reverse Mortgage
- Up to 55% LTV
- No monthly payment
- No-Negative-Equity Guarantee
HomeEquity Bank (CHIP) mortgage rates — FAQ
What are HomeEquity Bank (CHIP)'s mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access HomeEquity Bank (CHIP)'s broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
Is HomeEquity Bank (CHIP) a good mortgage lender?
Canada's leading reverse-mortgage lender. The CHIP Reverse Mortgage offers up to 55% of home value as tax-free cash to homeowners 55+, with no monthly payments. No-Negative-Equity Guarantee included.
Can I get a lower rate than HomeEquity Bank (CHIP)'s posted rate?
Usually, yes. HomeEquity Bank (CHIP)'s broker-channel rate is typically lower than the walk-in rate, and we also compare HomeEquity Bank (CHIP) against 50+ other Canadian lenders — sometimes another lender prices your specific file better. We shop all of them on one application.
Does HomeEquity Bank (CHIP) offer rate holds?
Yes — like all major Canadian lenders, HomeEquity Bank (CHIP) offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to HomeEquity Bank (CHIP) for a real underwritten pre-approval.
How do I apply for a HomeEquity Bank (CHIP) mortgage?
Through a licensed broker you reach HomeEquity Bank (CHIP)'s broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to HomeEquity Bank (CHIP) — and compare it against the rest of the network — with no bureau pull to begin.