Name | Value |
---|---|
Product Name | Rate First Residential Mortgage |
Category Type | Compare Mortgages |
Terms and interest rate | 5 years only, closed fixed-rate View rates |
Max amortization | 25 years for high ratio and conventional mortgages |
Rate guarantee | 120 days |
Minimum downpayment | High ratio mortgages2: 5-20% Conventional mortgages: >20% |
Payment options | Choose form monthly, semi-monthly, bi-weekly or weekly payments |
Prepayment options | Pay down your mortgage faster: Make lump sum payments of up to 10% of the original mortgage amount per year at any time and incrase regular payments by up to 10% per year at anytime |
Ability to skip payments | No |
Refinance | No |
Early renewal | Up to 120 days |
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