Equitable Bank’s Total Worth program is designed for high net-worth individuals seeking to maximize their borrowing capacity beyond what their income alone would allow. This program is tailored for self-employed individuals with a minimum of one year in business and requires the property to be owner-occupied. Gifted down payments or net worth are not accepted. The net worth requirements vary with the Total Debt Service (TDS) ratio: at a 65% TDS ratio, borrowers need 25% of the mortgage amount in liquid net worth, and at an 80% TDS ratio, 50% liquid net worth is required. The lender takes a flexible approach to self-employed applicants, focusing on understanding their business model, revenue sources, and client base.
Rates and fees
Disclaimer: This rate table represents the best rates available from this lender. Rates and fees may depend on several factors, such as your Loan to Value, credit history, income, property use, property location, etc. For a precise quote, fill out the form at the bottom of the page for a no-obligation call.
This section lists what the lender either does accept or they may consider on a case-by-case basis depending on the rest of the application. If it’s case-by-case, we try and include a note in the policy details to help give more specific information. But keep in mind alternative (private and ‘b’) mortgages are situation dependent and some of the above items can’t be combined. If you’re unsure or have a question, please fill out the contact form at the bottom of the page or speak with your mortgage professional.
About the LenderEquitable Bank is a leading Canadian financial institution, well-known for its comprehensive suite of residential and commercial lending services. Founded in 1970 as The Equitable Trust Company, Equitable Bank offers a robust portfolio of alternative mortgage solutions, catering to a diverse range of customer needs. These residential lending services have been a cornerstone of the bank's offerings, helping clients navigate complex real estate scenarios. Equitable Bank's strategic focus on digital channels is embodied in EQ Bank, its direct banking brand launched in 2016, that has served to enhance its customer service capabilities. Notably, Equitable Bank also provides a popular reverse mortgage product, which allows senior homeowners to tap into the equity of their homes without having to sell or move. The bank's head office is located in Toronto, with additional branches in various Canadian cities. Equitable Bank, under its parent company EQB Inc., is listed on the Toronto Stock Exchange.
Request a Quote
The content on this website is for informational purposes only and does not constitute professional advice. Policies, rates, and fees are subject to change without notice at the lender’s discretion. There may be additional costs not mentioned on this page. Cost of financing is depends on the situation, and it is the responsibility of your mortgage professional to disclose that information at the time of application. In the event of a discrepancy between this page and the lender, the lender is assumed to be correct. Before making any financial decisions, please consult with a qualified mortgage professional. By using this website, you accept the above statement and our terms and conditions.