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If
you’re looking for flexibility and the option to choose your own terms and
conditions, Advantage Flex is the mortgage for you.
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Conventional
Mortgage - Open and closed terms available with interest terms from 1- 5
years and amortization terms up to 25 years.
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CMHC Mortgage
(Canada Mortgage and Housing Corporation) - Closed terms available with interest
terms from 1- 5 years and amortization terms up to 35 years. Minimum down payment of 5%.
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Flexible payment plan to match your income
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Re-advancement option – if you need to borrow again
in the future, you can draw on the equity in your current mortgage.
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Make additional payments (prepay) any time without
penalty *
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No renewal fees
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No Surveyor’s Certificate required
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No-Fee Mortgage transfer – processing fees are
waived if the mortgage is transferred from another financial institution.
Other fees, such as transfer fees and payout penalties, may be added to
principal.
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Life, Disability, Critical Illness and Loss of
Employment Insurance are available to protect your family against hardship
from unforeseen events.
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Flexibility and convenience for you!
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If you’re
looking at constructing a home, a spec home, or office building for your
business, the Advantage Home Builder mortgage is what you need.
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Invest your equity at start-up, or by way of sweat
equity during construction
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For your convenience, a line of credit can be set
up until the advances from the mortgage are available
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Progress advances are made as construction
progresses, to save you interest costs
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The option of interest-only payments is available
during construction to ease the strain of paying for two places of residence
at the same time.
Ready-to-move homes:
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We will help arrange purchase of the home with the
builder.
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We will help you plan for installation expenses
such as moving, basement, and hookups.
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Helping you build your dreams!
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If you
have over 25% equity in your home and want to borrow against it for any
purpose, Advantage Home Equity mortgage will be of value to you.
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Flexibility and Convenience:
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We will help you choose the best option for you:
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A variable-rate line of credit
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A variable or fixed-rate term loan
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A quick loan
or any combination of these products
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Fixed or variable interest rates available
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Open or Closed terms available
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Make additional payments (prepay) any time without
penalty *
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Flexible payment options – can be changed anytime
or made to coincide with pay periods
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Access additional borrowing capacity up to 75% of
the appraised value of your home
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No surveyor’s certificate required
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Re-advancement option – if you need to borrow again
in the future, you can draw on the equity in your current mortgage
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Life, Disability, Critical Illness and Loss of
Employment Insurance are available to protect your family against hardship in
unforeseen events.
Saves You Money:
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Using the equity in your home can result in a lower
“secured” interest rate and in turn save interest on your borrowings
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No additional monthly nuisance or standby fees if
you don’t need to borrow at the time
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Making the most of your home’s value!
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Provides loan
insurance to enable borrowers to realize their dreams of home ownership or to
renovate or refinance their property.
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Closed terms available with interest
terms from 1to 5 years
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amortization terms of up to 35 years
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Minimum down payment of 5%
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CMHC-guaranteed
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Low, affordable payments so you
can get your home sooner
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Prepayment penalties apply
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Advantages of a Pre-Approved Mortgage:
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Is available at no cost and puts you under no
obligation.
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Guarantees your interest rate for 60 days while you
look for a home, even if rates go up. If rates go down, you automatically
receive the lower rate, which could save you a substantial amount.
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You’ll know ahead of time how much you can
reasonably borrow and what your payments will be.
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You will have a clear idea of what you can afford
in terms of price, down payment, legal fees and other expenses
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Real estate agents will serve you better because
they know you’re a serious buyer. You can then go ahead and make an offer to
purchase.
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Because you have all the financial facts in hand,
your purchase commitment is far more likely to be one you can live with
comfortably.
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After we received your final offer to purchase, your
mortgage can be quickly processed, subject to property appraisal, usually
within 48 hours.
For more information about our
mortgage products, stop by or contact any of our branches today. Our
Financial Services Representatives are experts in their field and can help
you choose the right mortgage terms and conditions that will benefit you the
most.
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On-line
Loan Application
For your convenience, you apply for a loan online. [Click
Here] now. A Financial Services Representative will contact you within 24
hours or on the next business day to confirm your request. If additional
financial details are required, you will be advised at that time.
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Loan Insurance
For your added protection, Life, Disability, Critical
Illness and Loss of Employment insurances are available on all loans.
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