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Summit Mortgage

Summit Mortgage

Custom built for local market conditions

  • Recognizes larger mortgages are a necessity in Canada's most expensive market
  • Designed for mortgages between $1.5 and $3 million, subject to qualification
  • Values your strong credit history and investable assets with best mortgage rates
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In our high-priced real estate market, you'll want a mortgage that is custom built to meet your needs, even if substantial. And you'll need the right advice to ensure you have a flexible solution with highly competitive rates. Talk to our expert advisors and make your dream home a reality.

Our Summit Mortgage includes all the features of our traditional mortgages, such as portability, assumability and accelerated pay-down options.

Summit Mortgage Details
Term 6 months to 10 years (open or closed)
Payments
  • Choose weekly, bi-weekly, semi-monthly or monthly payment frequency to suit your cash flow.
  • Up to 15% of the original principal can be paid down each year on the mortgage anniversary date
  • For closed mortgages, scheduled payments can be increased, on an ongoing basis, by up to 15% once each calendar year
  • For open mortgages, payment frequencies or amounts can be increased at any time, and the mortgage can be paid off without penalty
Rate Fixed or variable
Amortization Up to 25 years (standard); longer amortizations available on qualification
Financing
  • Up to 80% of the value of your property
  • Up to 90% of suite rental considered income (if applicable)
  • For best rates and maximum mortgage size, requires verified investable assets at 20% of mortgage request and strong credit history.

Rates

Summit Mortgage (Rates effective 2015-04-13) Rates
Summit Mortgage For current rates, speak to a mortgage advisor.

† Rates are subject to change without notice at any time. For more information visit your nearest branch or call us at 604.982.8000 or toll-free 1.888.713.6728.

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