Six-Month Convertible Mortgage
A low rate with added flexibility
If you like to take advantage of interest rate fluctuations, our competitive Six-Month Convertible Mortgage is for you. This mortgage lets you benefit from the typically lower interest rate of a six-month mortgage, with the option of converting to a longer closed term at any time during the six months -- at no cost to you.
| Term |
Six months |
| Interest Rate |
Fixed for six months |
| Financing Available |
Conventional and high-ratio |
| Payment Options |
Weekly, biweekly, semi-monthly, monthly |
| Rapid Paydown |
Payments can be increased by up to 100% over the term without charge |
| Prepayment Option |
Up to 15% each year |
|
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