Our variable mortgage product portfolio is a complete selection from many Canadian Banks and mortgage
companies.
Variable rate mortgages are currently
priced using the banks' prime rate as a base. The
borrowing rate is based on prime plus a factor.
Depending on your comfort level you may
choose a lower variable rate which may increase as prime
increases, or you may select a capped variable rate with
a guarantee your borrowing rate will not surpass a
certain amount.
Your repayments can be made to remain fixed
for the entire term of your mortgage, or be adjusted as
your borrowing rate changes. When you payments are fixed, more
of your payment will go towards your principle and less
towards the interest, when prime falls and vice versa.
Payments can be arranged either monthly,
semi-monthly, bi-weekly, and weekly payments. You
may also choose to accelerate your payments to pay down
your mortgage quicker.
Maximum amortization period is 35 years.
You may also lock your mortgage into a 3 year
or more guaranteed rate at any time during the
period providing certain conditions are met.
- Available for purchases and refinancing
- You have at least 5% down on purchases
and refinances. Certain exceptions if
self-employed.
- You are able to accept the risk if prime increases
- You expect that prime will decrease during the term
of your mortgage
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The first step is to allow us to get you
pre approved.
If you have already made an
offer on a property, then you are
ready to apply for a
mortgage on line.
You may also apply by fax. Download a a printable application, or you may call us at
1-877-307-6800 and talk to one of our mortgage
expert.
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