Residential Mortgages
Financing a home may be the biggest financial decision you ever make. We’ll help you make sure it’s the right decision. Your financial security advisor can put you in touch with a mortgage planning specialist to help you choose the mortgage that’s right for you.
Our residential mortgage planning specialists will meet with you at your convenience to discuss your financing requirements, show you exclusive mortgage and financing options that are right for your lifestyle and budget.
Rate options
Variable rate mortgage – Our variable rate mortgage offers the advantages of an interest rate that floats based on our prime rate over a five-year term.
Lock and roll mortgage – Our lock and roll mortgage offers the convenience of a five-year term mortgage plus the advantage of a preferred short-term rate.
Fixed rate terms
Choose from the following terms:
- Six months and one-year open mortgage
- Six months and one-year convertible mortgage
- Two-, three-, four-, five-, seven- and 10-year closed mortgages
Flexible features
Our residential mortgages include several flexible features:
- Pre-approval
- Competitive interest rates
- 90-day rate commitment period
- Amortization periods up to 25 years
- Monthly, semi-monthly, bi-weekly or weekly payments1
- Pre-payment privileges:
- Double payments
- Up to 15 per cent increase in regular payments
- Up to 15 per cent annual lump-sum payments
Special financing options
Our mortgage planning specialists have a complete range of innovative options such as:
- Low-cost re-advance program
- Construction financing
- Refinance option
- Bridge financing
Mortgage life insurance
A growing number of our residential mortgage clients are protecting their families and futures with mortgage life insurance. Other insurance options are also available such as individually owned term insurance plans that are renewable or convertible. Talk to your financial security advisor to discuss your insurance needs.
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