CLOSED MORTGAGE

Choosing a mortgage is as important as choosing your home! We can show you the financial options available and help you choose the best mortgage to suit your budget, lifestyle and general needs.

Benefits:
  • Save money with open prepayment option during the term of the mortgage.
  • Convenient weekly or bi-weekly payment schedules can actually save you thousands.
  • Peace of mind with life, disability, critical illness, and loss of employment insurance for single or joint coverage.
Features:
  • Flexible repayment term – choice of amortization.
  • Renewal terms of 6 months to 10 years
  • Choice of Closed/Open mortgage.
  • Competitive rates.
  • Pre-approvals available.
  • Open repayment options available: extra payments, as well as payment in full are permitted without penalty, from owner’s own funds.
  • Maximum amortization – 40 years.
  • Up to 100% financing available with CMHC insurance.
  • Payments via automatic transfer from Engineering Funds account, or Automatic Funds Transfer from another financial institution.
  • Property taxes can be collected and paid each year by Engineering Funds on behalf of the owner upon request.

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