Variable

A Variable Rate Mortgage is designed to be competitive with the best in adjustable rate mortgage products in the market. This Mortgage combines the best features in the marketplace to provide superior product and pricing.

Features

  • Variable Rate Mortgage rate is based on Prime.
  • Available on single-family owner occupied housing.
  • 3 year terms available.
  • Interest Rate Cap limits the potential for rate increases.
  • Payments based on the Cap Rate so amortization is accelerated until rates reach the cap.
  • Variable Rate Mortgages with Interest Rate Caps are eligible for lower CMHC insurance fees.
  • Variable Rate Mortgage holders may switch to another available League Savings fixed term at any time without penalty.
  • Mortgage Insurance Available.

Ability to lock into other terms provides you with the ability to benefit from lower variable rates and lock in when interest rates rise.

 

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*All loans subject to credit approval and normal credit guidelines.

 

 

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