Mortgage solution based on your borrower profile

New : Hybrid mortgages

Build a mortgage that works for you and get a better average rate.

Learn more about hybrid mortgages.


 

The closed mortgage provides the security of a fixed rate for a longer period of time:

  • Allows you to choose a term from six months to five years;
  • Lower interest rate than an open mortgage;
  • Possibility of taking advantage of prepayment options.

The open mortgage is more flexible (a good choice if you think you will be able to pay off a significant part of your debt in the near future):

  • Repayment possible at any time, in full or in part, without penalty;
  • Short term loan: terms from six-month or one-year terms (can extend to two years in the case of a variable-rate loan);
  • The interest rate is usually higher than the rate for a closed mortgage for the same term.

Fixed rate: Remains stable until the end of the term; can apply to an open as well as a closed mortgage.

Variable rate: Follows the upward and downward fluctuations of the prime rate.


A mortgage solution based on your borrower profile

It is possible to have a mortgage that meets your needs according to your borrower profile. In order to determine what type of mortgage loan is best suited to your situation, choose from the following four descriptions or refer to our table that compares the various mortgage products available.

What is your borrower profile?

Are you looking for stable rates and payments?

The interest rate remains stable until the end of the term and is lower that that of an open fixed-rate loan.
  • Six-month, 1 to 7 or 10 year terms
  • Rate guaranteed 90 days at time of loan1 (in general)
The interest rate remains stable until the end of the term, but it can be paid back anytime without penalty. Perfect if your property is currently for sale or if you are waiting for a significant cash inflow in the short term that you will apply to the loan.
  • Six-month and one-year terms
  • Rate guaranteed 90 days at time of loan1 (in general)
  • Repayment possible at any time, in full or in part, without penalty


Do you prefer stable payments, but want to take advantage of low interest rates? Do you have some tolerance for rate fluctuations?
Lets you take advantage of one of the best fixed-rate mortgages on the market. The term is set for a five-year period and the rate is revised annually. You benefit from a guaranteed rebate for the entire term of the loan.
  • Conversion to a fixed rate at any time
  • Five-year term
  • Rate guaranteed 90 days at time of loan1 (in general)
  • Based on the one-year closed fixed-rate mortgage
Because the rate fluctuates without exceeding a certain limit, you benefit from rate decreases while being protected from major rate increases.
  • Five-year term
  • Rate not guaranteed at time of loan


Do you want to take advantage of low interest rates? Are you moderately sensitive to interest rate and payment fluctuations?
Guarantees the best interest rate. The rate follows the upward and downward fluctuations of the prime rate minus a rebate guaranteed for the entire term.
  • Five-year term
  • Conversion to a fixed-rate loan at any time
  • Rate not guaranteed at time of loan
Guarantees a very attractive interest rate since it fluctuates with the prime rate.
  • One- and two-year terms
  • Conversion to a fixed-rate loan at any time
  • Rate not guaranteed at time of loan
  • Repayment possible at any time, in whole or in part, without penalty


Are you looking for an extremely flexible and tailor-made financing tool? Do you want to be able to consolidate all of your loans into one or diversify your risk and your loans according to your projects?
Your house: the solution for financing your projects!

The Versatile Line of Credit is a mortgage-secured credit line that lets you borrow up to 80%2 of the value of your home for financing your projects.

Advantages

  • Save by consolidating your car loan, personal loans and mortgages, and even your credit card debts;
  • Very attractive interest rate, lower than that of a traditional personal credit line;
  • Split up your financing sources by diversifying your mortgage loan.

What can you do with a Versatile Line of Credit?

  • Renovate your kitchen
  • Buy a motor home
  • Travel
  • Take advantage of your unused RRSP contribution room to make a large contribution to your RRSP
  • Pay for your children’s education
  • Consolidate your debts
  • Split up your financing sources, etc.

Once the amount of the line of credit has been established, you can use your funds as you need them without having to re-apply. Take control of your finances!



Mortgages Check out our owner's guide:


Our different payment options could make you save big Our different payment options could make you save big!


1. Rate in effect on application date or upon signing mortgage with lawyer.
2. Up to 65% of the property value may be taken out as a line of credit and the remaining financing as a loan tied to the Versatile Line of Credit.

Special offer
1 Limited-time offer. Certain conditions apply. Indicated rate may vary upward or downward and is calculated based on the mortgage loan amount and number of products held by the member.

The annual percentage rate (APR) is the borrowing cost of a loan in the form of interest rate. It includes all interest fees and all fees that must be included in calculating the cost of credit. Since UNI requires no fees on most loans, the annual interest rate and the APR are usually identical.

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