Dreaming about owning a home, vacation property, trading up, renovating or downsizing? The knowledgeable City Savings Financial Services staff can help you make your dreams come true. We’ll tailor your mortgage to meet your present needs and even to reach your future goals.
Fixed
A Fixed Rate Mortgage provides the comfort and security of knowing that your interest rate won’t change during your chosen term. You can even increase your payments without affecting the interest rate that you pay. It’s just one of the ways that we can help you be mortgage-free faster.
Term: 1-, 2-, 3-, 4-, 5-Year
Rate: Fixed for the full term selected
Payment Options: weekly, bi-weekly, semi-monthly, monthly
Effective February 16 2012
| Mortgage Type |
Term and Rate % | |||||
|---|---|---|---|---|---|---|
| 6 mo | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | |
| 1st Open | 6.300 | 6.200 | 4.550 | 4.950 | - | - |
| 1st Closed | 4.450 | 3.200 | 3.550 | 3.950 | 4.640 | 5.240 |
| 2nd Open | Rates quoted upon request | |||||
| 2nd Closed | Rates quoted upon request | |||||
| Rates are for information purposes only, based on residential properties. They are subject to change at any time and must meet lenders credit granting criteria. Products are available only in Canada to Canadian residents. Variable rate calculated semi-annually, not in advance. | ||||||
Variable
Take Advantage of Averaging!
A variable rate mortgage is a mortgage with fixed payments where the interest rate fluctuates when there’s a change in the prime rate. If the interest rate goes down, more of the payment goes to the principal and the rate goes up, more of the payment goes towards the interest. You can also make lump sum payments of any amount that will be applied directly to your principal or lock in your interest rate by converting to a Fixed Rate Mortgage at any time.
Rate: Varies monthly
Payment Options: weekly, bi-weekly, semi-monthly, monthly
Effective February 16 2012
| Mortgage Type |
Rate % |
|---|---|
| 1st Variable Open | Prime plus 1.00% |
| 1st Variable Closed | Prime plus 0.10% |
| Rates are for information purposes only, and are calculated semi-annually, not in advance. They are subject to change at any time and must meet lenders credit granting criteria. Products are available only in Canada to Canadian residents. | |
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