Benefits of a fixed-rate mortgage.
Fixed payments through your mortgage term.
Predictable payments.
Your monthly payments stay the same throughout your mortgage term. That makes it easier to plan ahead, manage your budget, and avoid surprises.
Fixed interest rate.
Your interest rate is locked in. Your payments will stay the same during the term of your mortgage, even if rates increase.
Rate Guarantees.
Secure your rate for up to 90 days on purchases and 60 days on refinances.
PRODUCT FEATURES
Fixed-rate mortgage offers.
Fixed-rate mortgages offer stable interest rates and consistent monthly payments through the term of your mortgage.
Loan purpose: First mortgage or second mortgage.
Fixed rate: Your mortgage payments stay the same throughout your term.
Term: Choose from 1-, 2-, 3- or 5-year terms.
Amortization: Up to 35 years.
Flexible solutions: For properties listed for sale, we provide open-term mortgage options.
HOW IT WORKS
Ready to get started?
We work directly with Mortgage Brokers to offer you the right mortgage solution.
01
Find a Mortgage Broker.
If you already have a broker, perfect! If not, use our Find a Broker tool to connect with one in your area.
02
Your broker submits your application.
Your broker will handle the submission of your application for review. A few initial documents will be needed to get things started (like a paystub, job letter, or ID).
03
We review your application.
Our team of underwriters will carefully review your application and work with your mortgage broker to make sure everything is in order. If your application meets our lending guidelines, we will send a commitment letter to your Mortgage Broker, which may include conditions or requests for more information.
04
Final step: closing.
Once all conditions in the commitment letter are met, you’ll be ready to move forward. You’ll meet with your lawyer/notary to sign the final documents and pay your down payment. On closing day, your lawyer will coordinate with our team to release the funds, and you are closed!
Prepayment privilege.
Each year, at the anniversary date* of your mortgage advance, you can take advantage of the following prepayment options:
Increase the principal and interest portion of your original payment by up to 20%, and/or
Make a lump sum payment of up to 20% of your original mortgage amount (minimum $500) toward your outstanding balance. This second option is not cumulative. Any unused portion of the 20% doesn’t carry over the following year.
* Your mortgage anniversary date can be found in your mortgage documents.
MORTGAGE PRODUCTS
Convertible Mortgage
Room to move, lock in when it feels right.
Our Convertible Mortgage creates flexibility and empowers you with greater control over your mortgage rate options. → 12-month mortgage → Convert to a new mortgage without penalty Terms apply
Improvements Mortgage
Turn your house into your dream home.
Add up to $100,000 extra to help pay for renovations or improvements. → Fixed-rate mortgage benefits → For purchase or refinance Terms apply
FAQs
Mortgages can feel complicated, but they don’t have to be.
Explore our FAQs and get the confidence you need to make smart, informed decisions.
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