Fixed-Rate Mortgage¹

A Fixed-Rate Mortgage¹ is ideal if you want to protect yourself against rising interest rates over the long term. For greater flexibility, you have a choice of different terms and amortization periods.

What's in it for you

• The rate does not vary during the chosen term.
• You can choose from the following terms:
  • Open term: 6 months, 1 year
  • Closed term: 3 months, 6 months, 1 year, 2 years, 3 years, 4 years, 5 years, 7 years, 10 years.
• The Multi-Choice Option can be applied, allowing the mortgage to be divided into different portions.
• The Revolving clause is included, allowing reborrowing during the commitment.

Take advantage of three prepayment options

These three prepayment options, available at no additional charge and with no penalty, can save you a lot in interest charges. The amount you pay using any of the available options is applied directly to your borrowed principal, which reduces the length of your loan and consequently the cost to you in interest.

• Payment on principal
  At any time during each calendar year² , you can repay up to 10% of the initial principal borrowed. You have the option of making a single principal payment or multiple payments during the term.
  
  
• Additional payment
  On any regular payment date, you can decide to make an additional payment on principal up to the amount of your current payment (principal and interest).
  
  
• Increased payments
  Once every calendar year, you can decide to increase the amount of your regular payments by up to twice their original amount. The new payment amount then remains in effect for the remainder of the term.

Opt for comprehensive coverage ³

If you wish, you can add life, critical illness⁴ or disability insurance to your mortgage. For your convenience, the premiums are debited automatically from your account.

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