Floating Rate Mortgage with first 6 months at Prime - 0.50 %
Balance of the 5 year term at Prime - 0.40 %
20 % prepayment privilege + 25 % overpayment privileges
Assumable to qualified purchasers and Portable to most properties in Canada
Available for purchases up to 95 % financing
Ideal for borrowers looking for a 5 year term, but want the lowest cost for first year
Weekly, Bi-Weekly and Monthly repayments available.
Mortgage can be paid off anytime, with 2 month interest penalty in first 3 years,
no penalty in years 4 and 5.
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