What is it that sets apart an
For one thing, we make your choice simple: a Fixed or Variable Rate Mortgage. Of course, with whichever one you choose, we will always give you a great rate both now and upon renewal – no hassles. In order to choose a mortgage that's right for you, here are some things to consider:
|1 to 5, 7, and 10 year terms||5 year term only|
|Payments are fixed for the term||Low interest rate of ING Prime |
|Closed||Payment amount is adjusted every three months if there has been a change to the ING Prime Rate.|
|What's in it for you|
|If you want the security of knowing what your payments will be, then this is the mortgage for you. Your rate and payment will not change for the term that you select. No surprises.||Our variable rate term allows you to take advantage of low interest rate periods. When ING Prime Rate is low, you'll pay less. There is no guarantee that Prime will not change. But don't worry – you can lock into a fixed rate term of 3 years or more anytime at no charge.|
Always our lowest rates
You always get a great rate up front without hassle. We guarantee it.
120 day rate guarantee
On applying, we'll guarantee your fixed rate for 120 days. If rates fall during the rate guarantee period, you will naturally be given the lower rate.
25/25 mortgage prepayment options - the most flexible on the block
Each year, you have the freedom to increase your regular mortgage payments by up to 25% of your original payment amount. Also, throughout the year, you can make lump sum payments totaling up to 25% of your original mortgage amount – on any regular payment date. No waiting for the anniversary date.
Find out how much you could save with these options by using our handy payment calculator. Combined with our low interest rate, these options could help you save thousands of dollars in interest and help you own your home sooner.
Mortgage amortization options
You can amortize your mortgage up to 25 years for conventional mortgages, and up to 25 years for high ratio mortgages to help make your regular payments more manageable. The longer the amortization, the more interest you pay. That's why we have tools that can help you reduce the amount of interest you pay, including our 25/25 prepayment options. Our handy mortgage payment calculator can help you decide which amortization is right for you.
To help you pay your debt off faster, you can select from a variety of payment frequency options. The more frequently you pay, the more you could save. Our mortgage payment calculator will help you choose the right payment frequency for you.
Skip a payment
When the unexpected happens,
Portable & assumable
The unmortgage has built in flexibility that will help you adjust to changes in your life. Should you decide to move, you can rest easy knowing that your
New Canadian Mortgage Program
If you are new to the country, have a job and a limited credit history in Canada, you could qualify for an unmortgage - with a down payment as low as 5%. To qualify, you need to be in Canada for less than 5 years, employed full time for a minimum of 3 months and meet our credit criteria.
Mortgage Life Insurance
Our Mortgage Life Insurance option is an easy and inexpensive way to ensure your family’s home is secure should the unthinkable happen. Coverage provides your family up to $500,000 to pay off your unmortgage balance. The application process is short and simple and no medical examination is required for most borrowers. Your insurance premiums will never increase for the life of your unmortgage with
Find out more about...
- How much you can afford
- Buying a home
- Switching your mortgage
- Adding money to your mortgage
- Getting a Home Equity Line of Credit
- Four easy steps to getting a mortgage
Mortgage and other loan rates are annual rates and are subject to change without notice and are current as of today's date.
Current Interest Rates
|5 Year Variable|
|1 Year Fixed|
|2 Year Fixed|
|3 Year Fixed|
|4 Year Fixed|
|5 Year Fixed|
|7 Year Fixed|
|10 Year Fixed|
Line of Credit
Annual interest calculated semi-annually not in advance.