Variable Mortgages
Our variable-rate mortgages suit those who are comfortable with an interest rate that moves with changes in the Prime rate.
Features
- Finance up to 95% of the value of your home purchase (additional insurance premiums apply to variable-rate mortgages greater than 80% of the value of your home)
- Access up to 80% of the equity in your current home
- Interest rate fluctuates with Prime
Benefits
- Choose to make higher payments so that even if rates rise your payment amount doesn’t have to
- If interest rates drop, more of your payment goes towards principle; and if rates rise, more of your payment goes to interest
- Convert to a fixed rate at any time during the loan term without penalty
