Mortgage Products

Construction Draw Mortgages
This product gives homebuyers access to insured progress advances during the construction of their new home - whether self-built, through a contractor, or through a residential homebuilder.

CreditAssist™ Insurance offers an innovative plan to give Canadians who may not typically qualify for a mortgage an opportunity to own a home. Typical lending criteria can often exclude borrowers based on their past credit events. Underwriters individually evaluate the borrowers circumstances to enables lenders to extend high-ratio purchase or refinanced mortgages.

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Equity Mortgages
A mortgage based on the amount of equity in your home. Usually up to 75% of the value of your property and most suited for those people who do not qualify for a traditional bank mortgage for credit or income verification reasons. The Refinance program lets homeowners take equity out of their homes for a variety of purposes, including asset enhancement, debt consolidation, renovations, or rolling first and second mortgages into one loan.

Extended Amortizations
Gain greater access to home ownership in the Canadian marketplace through lower monthly payments by extending the amortization periods to 30, 35, & even 40-year amortizations. Extended amortizations are offered at a premium, and may be slightly more restrictive on a qualification basis.

Fixed Rate Mortgages
The principal advantage of fixed rate mortgages is that the interest rate is set for the entire term of the mortgage. A fixed rate mortgage offers you the security of knowing exactly how much principal and interest you will be paying on your mortgage during the term you selected. With a fixed rate mortgage you are locked in for the selected term and a penalty may be incurred to get out of the term prior to the term ends.

Home Equity Line of Credit
Previously, lenders could only allow Home Equity Lines of Credit to 75% of the current home value. Our Refinance and Renovation Programs can help access up to 90% of a home's current value, freeing up cash for a variety of needs. By taking advantage of the lower interest rates available on secured lines of credit, home owners can consolidate higher interest rate loans into one convenient product and reduce their overall borrowing costs.

New to Canada
New immigrants have an excellent product created to help you achieve home ownership. You may qualify for a high-ratio mortgage that yields low rates and excellent features on mortgage products. Even if you have yet to establish Canadian credit, low down payment mortgages are available to you.

Owner-Occupancy programs enable home buyers to purchase either a one or two-unit property with as little as no down payment; or buyers of three - and four-unit properties to purchase with as little as 10% down payment. Buyers must plan to live in at least one unit of the property to qualify for this program.

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Purchase Plus Improvement
For those home buyers wanting to make improvements to their new home immediately after taking possession, this program enables qualified home buyers to do so with one manageable mortgage and as little as no down payment.

Self-Employed Mortgage
Self-employed borrowers and commissioned sales people who cannot provide traditional income verification can now qualify for a high ratio mortgage for purchase or refinance. As a business owner you deserve low rates and flexibility. A self-employed individual can purchase with as little as 5%. Declared personal income is not needed for qualification on this particular product.

Variable Rate
This program is for homeowners who want to take advantage of variable rate mortgages. Variable rate mortgages offer a rate that stays current with the market, providing qualified homebuyers a high-ratio alternative to fixed rate mortgages. Depending on the level of risk you are willing to take, a variable rate mortgage can save you money while keeping your options open during times of fluctuating interest rates. With variable rate mortgages your mortgage payment could increase or decrease depending on fluctuations in the Prime rate set by the Bank of Canada. With most variable rate products you can lock in at our wholesale discounted rates (not bank posted rates) at anytime during your term without fee or penalty.

ZERO DOWN PAYMENT MORTGAGE
Lenders have now created a product where you may borrow up to 100% of the total price of your selected property. Imagine you may closer to home ownership than you think!