Mortgages to suit your lifestyle
Enjoy limited-time mortgage rates, flexible options and expert financial advice.
- Personalize your payment frequency
- Flexibility to pay down up to 15% of the original principal
- Opportunity to increase scheduled payments
Fixed Rate Closed Mortgage
- Lowest guaranteed interest rate for the term of your mortgage
- Protection from rising rates
- Pay down up to 15% of principal each year on your anniversary
The Fixed Rate Closed Mortgage is one of the most popular mortgage solutions we offer. It provides the security of a highly competitive fixed rate over the full term of your mortgage and predictable payments. And you have the option to save even more by making additional payments each year on your mortgage anniversary date.
This can be an ideal solution for first-time buyers who choose a long amortization period. Taking advantage of our fixed mortgage rates protects you from rising interest rates. A closed mortgage offers a better interest rate than an open mortgage and also allows you to lock in for longer terms (up to 10 years).
| Term | 6 months to 10 years |
|---|---|
| Payments |
|
| Rate | Locked in for the term of the mortgage |
| Amortization | Up to 25 years (standard); longer amortizations available - talk to your advisor |
| Financing | Up to 80% of the value of your property; up to 95% if insured by a third party such as CMHC |
Fixed Rate Open Mortgage
Guaranteed rate with full payment flexibility
- Guaranteed interest rate for the term of your mortgage
- Protection from rising rates
- Additional payments at any time without charge
Our Fixed Rate Open Mortgage gives you the security of a fixed rate over the full term of your mortgage, combined with the ability to make extra payments at any time without a fee. You are protected from rising interest rates but still enjoy a competitive rate.
A fixed rate mortgage is ideal if you believe interest rates are going to go up. An open mortgage is a smart choice if you anticipate that you will have additional money (e.g. inheritance, commissions, etc.) to apply to your mortgage.
| Term | 6 months or 1 year |
|---|---|
| Payments |
|
| Rate | Locked in for the term of the mortgage |
| Amortization | Up to 25 years (standard); longer amortizations are available - talk to your advisor |
| Financing | Up to 80% of the value of your property (up to 95% if insured by a third party such as CMHC) |
Adam Franklin
Financial Advisor
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* Rates are subject to change without notice at any time.