Conventional Mortgage
Our standard mortgage, which includes the following features:
- No maintenance or renewal fees
- Fixed rates or terms from six months to five years
- Payments may be amortized for up to 30 years
- Each year, an additional 20% of the original mortgage principal may be paid and payments can increase by 20% of the monthly amount for fixed-rate mortgages
- Finance up to 80% of the appraised value or purchase price, whichever is lower
- Variable rate mortgages allow repayment at any time without penalty
Eligible properties include residential homes, recreational properties, and condominiums (subject to availability of funds).
Our standard mortgage restrictions also apply.
Interested in a conventional mortgage?
Charlene