Interest-Only Variable Rate Mortgage
Low payments put real estate investment within reach.
- Lowest payments possible
- Ideal for short-term mortgages on investment properties
- Increase payments at any time without a fee
Low payments put real estate investment within reach.
This type of mortgage is ideal if you have limited resources now, but anticipate an increase in income or cash flow in the near future. It's an excellent strategy for those looking for bridge financing or financing for construction.
You can increase your payments and start paying down the principal at any time – or convert to a conventional fixed or variable rate mortgage. It's up to you.
Term | 6 months or 1 year |
---|---|
Payments |
|
Rate |
|
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 |
Our team of experienced professionals are here to answer any questions you may have.
* Rates are subject to change without notice at any time.