Custom Blend Mortgage

Custom Blend Mortgage

Can't decide on one type of mortgage? Now you don't have to decide. Customize your mortgage around you.

Apply online

visit a branch near you or call 604-517-0100 to get started today.

Product Overview

Our Custom Blend Mortgage is a great way to save and protect your money while remaining flexible with options.

How can I use the Custom Blend?

Split it down the middle

Split it down the middle

Have the advantage of a variable rate and the comfort of a fixed rate at the same time. Should interest rates rise, you have the option to increase your payments or convert your variable into fixed with no penalty.


Ladder it

Ladder it

If you aren't comfortable with fluctuating rates but do not want your entire mortgage to mature on the same date then you can select both fixed short and long term lengths. If rates are higher when your mortgage matures, you only have to renew a portion versus the entire amount.


Freedom of Flexibility

Freedom of flexibility

You want the flexibility to pay down a portion of your mortgage and have the best overall fixed interest rate. Keep part of your mortgage open so that you can pay it off penalty-free while the rest is in a closed, low fixed rate that you can budget around.

Is a Custom Blend Mortgage right for me?

  • Are you interested in a variable rate but aren't comfortable taking the plunge?
  • Does your income fluctuates through the year and you can pay down more when your income is higher?
  • Will you be selling another property and have extra money to put on this mortgage?
  • Do you have mortgage experience and want to hedge interest rate risk?

If you answered yes to any of the above, our Custom Blend mortgage option may be a perfect fit for you. Apply online, visit a branch near you or call 604-517-0100 to get started.


*Mortgage terms and conditions are dependent on the products chosen as part of the Custom Blend solution.


Product Details

Our Custom Blend Mortgage is a great way to save and protect your money while remaining flexible with options.

Features

  • Allows full customized approach to your mortgage
  • Ability to portion out total mortgage amount based on your comfort level
  • Variable portions can be converted to a regular mortgage at any time without penalty
  • Opportunity to hedge/average interest rate risk
  • Enables prepayments/double-up payments should your financial situation permit it
  • Each portion has its own payment, own amortization and own maturity date
  • Allows as many mortgage portions as you choose
  • Renewals relate to only the piece being renewed
  • Pay only one setup/admin fee regardless of number of portions chosen
  • Life and Disability insurance is available

Added Benefits

  • Weekly, accelerated bi-weekly and monthly borrowing schedules
  • Double up payments on any payment due date
  • 20% of original balance can be deposited with no penalty on each anniversary date

Is a Custom Blend Mortgage right for me?

  • Are you interested in a variable rate but aren't comfortable taking the plunge?
  • Does your income fluctuates through the year and you can pay down more when your income is higher?
  • Will you be selling another property and have extra money to put on this mortgage?
  • Do you have mortgage experience and want to hedge interest rate risk?

If you answered yes to any of the above, our Custom Blend mortgage option may be a perfect fit for you. Apply online, visit a branch near you or call 604-517-0100 to get started.


*Mortgage terms and conditions are dependent on the products chosen as part of the Custom Blend solution.

 

Current Rates

First Mortgages

Variable Rate

3.20%

6 Month Open

7.00%

1 Year Open

7.00%

1 Year Fixed

3.24%

2 Year Fixed

3.24%

3 Year Fixed

3.39%

4 Year Fixed

3.44%

5 Year Fixed

3.64%

5 Year Great Rate

3.54%

7 Year Fixed

3.89%

10 Year Fixed

4.39%

Second Mortgages

1 Year Fixed

4.24%

2 Year Fixed

4.24%

3 Year Fixed

4.39%

Third Mortgages

1 Year Fixed

7.74%

Commercial Mortgages

6 Month Open

0.00%

1 Year Closed

0.00%

2 Year Closed

0.00%

3 Year Closed

0.00%

4 Year Closed

0.00%

5 Year Closed

0.00%

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