Services & Protections : Mortgages
The mortgage products
| 9 MONTH FREE mortgage (25 year redemption) | |
|---|---|
| Term: | 7 years/ posted rate |
| Amortization: | 25 years + |
| Evaluation fees: | Paid up to $300 |
| Maximum rebate: | $25,000 |
| Conditions: | 1 to 4 units, owner occupant; mortgage of $100,00 and more |
| Procedure: | Cash remittance equivalent to 9 months of payments (principal and interest) when mortgage loan disbursed* |
| 9 MONTH FREE mortgage (30 year redemption) | |
|---|---|
| Term: | 7 years/ posted rate |
| Amortization: | 30 years + |
| Evaluation fees: | Paid up to $300 |
| Maximum rebate: | $35,000 |
| Conditions: | 1 to 4 units, owner occupant; mortgage of $100,00 and more |
| Procedure: | Cash remittance equivalent to 9 months of payments (principal and interest) when mortgage loan disbursed* |
| 1.25% discount | |
|---|---|
| Term: | 1.25% over 5 years + |
| Amortization: | 30 years + |
| Evaluation fees: | Paid up to $300 |
| Maximum rebate: | N/A |
| Conditions: | 1 to 4 units, owner occupant; mortgage of $100,00 and more |
| Procedure: | Rebate on the rate |
Notice: these are three sample loans that we have negotiated for you. A mortgage representative will be pleased to inform you about the other types of loans available from their institution suitable to your situation.
*A cheque totalling 9 months of payment is remitted to the buyer, which he can use as he pleases to renovate or cover his first 9 months of mortgage payments.
Duration of the promo: October 1, 2007 to june 30, 2009.