Prepay up to 20% of the original loan amount per anniversary year and increase your regular monthly payments before prepayment penalties apply. Conditions apply.
Payments can be made weekly, biweekly, semimonthly or monthly.
Conventional mortgages require a minimum down payment or equity position of 20%. Mortgages with less are considered high-ratio and must be insured through Canada Mortgage and Housing Corporation (CMHC) or Genworth Corporation. Must meet certain approval conditions. Cost of credit and any fees associated with the loan will be disclosed at the time of approval.
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