Transfers
Bring us your existing mortgage without incurring any extra fees – no appraisal fees, no legal fees, and no application fees.
Portable
If you have a mortgage with us, you can keep your existing mortgage when you purchase a new home.
- Additional funds may be added to the principal of an existing mortgage
- Option of blending the rate
- Provides you with a hedge against payout penalties
Payment Options
Community Savings offers flexible payment options which can be customized to specifically meet your needs.
- weekly, bi-weekly, semi-monthly, or monthly payments
- terms from 6 months to 7 years
- amortization up to 40 years
Prepayment Options
Community Savings allows you to pay down your mortgage faster with these prepayment options:
- Double your Payment - increase your payment up to double the monthly Principal & Interest amount
- Rapid Repayment - one extra month's payment spread over a whole year!
(available only with weekly and bi-weekly repayment options)
- Lump Sum Payment - pay down up to 20% of the original amount of your mortgage!
(minimum of $100, allowed once per year)
|
|