Financing Dreams
Dundee Bank of Canada provides mortgage solutions aimed at simplifying home buying and making it a memorable experience. We want your stress to be related to which home to buy, not how to finance it.
If you are already a homeowner, a Dundee Bank of Canada mortgage can help you use the equity in your home to pay for renovations or other projects you�ve been planning.
Dundee Bank of Canada mortgages are competitively-priced, and offer the following benefits:
Fixed Rate Mortgages provide security and peace of mind. With a locked-in rate and fixed payments over the term of the mortgage, you can budget with certainty.
Variable Rate Mortgages provide Flexibility: Take advantage of lower rates, yet be able to lock in when you wish. If rates go down, with your payments constant, more goes towards paying off the principal and less towards interest. You pay your mortgage off faster. If rates go up, you can lock in to a Fixed Rate Mortgage of equal or longer term any time without penalty, at then-prevailing rates.
Other Features:
- Terms: 6 months, 1 year, 2 years, 3 years, 4 years, 5 years
- Amortization Period: Up to 35 years
- Available for amounts of: $50,000 to $1,000,000
- Available for: Conventional or high-ratio mortgages
- Payment Frequency Options: Weekly, Bi-weekly, Semi-monthly, Monthly
- Principal prepayment privilege: Up to 20% of original principal once annually
- Payment increase privilege: Up to 20% once annually
- Portable: Yes, transferable to another property subject to Dundee Bank of Canada�s approval
- Assumable: Yes, subject to Dundee Bank of Canada�s approval of borrower(s), unless prohibited by law.
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