Our Mortgages

Our Mortgages

Peace Hills Trust mortgage products offer you choice and flexibility. Whether you are looking for Conventional Mortgage financing or a CMHC Insured Mortgage our competitive mortgage products and mortgage rates can fit your financial needs and budget.

Fixed Rate Mortgages

Fixed Rate Mortgages

6 Month and 1 Year Open Mortgage

Increase Your Options

  • Avoid long-term commitments
  • Make additional payments without penalty
  • Pay off your full mortgage balance without a prepayment charge
  • Renew to a longer fixed-rate term without a prepayment charge

1 and 2 Year Closed Mortgages

Keep Your Options Open

  • Short-term Commitment
  • Prepay your mortgage up to 10% of the original mortgage amount on the first and second year anniversaries without a prepayment charge

Peace of Mind and Security

  • Protect yourself from unexpected costs and fix your repayment over the term of your mortgage
  • Prepay your mortgage up to 10% of the original mortgage amount on the first and second anniversaries without a prepayment charge

Additional Benefits

  • Pay off your mortgage over a longer period and amortize your mortgage up to 25 years
  • Payment frequency options: weekly, biweekly, semi-monthly or monthly.  Ask you Account Manager about accelarating your weekly and biweekly payments to pay off your mortgage faster without having to pay a prepayment charge.

 

Variable Rate Mortgages

Variable Rate Mortgages

Open Term

  • Make additional payments at anytime without a prepayment charge
  • Pay off your full balance at anytime without a prepayment charge
  • Renew at anytimw and take advantage of current rates without paying a prepayment charge

Closed Term

  • Fixed repayment over the term of your mortgage
  • Prepay your mortgage up to 10% of the original amount on your first and second year anniversaries without a prepayment charge

Additional Information an Details

  • Rate fluctuates in response to changes in Peace Hills Trust Company Prime Rate
  • Payy off your mortgage over a longer period and amortize your mortgage up to 25 years
  • Payment frequency options: weekly, biweekly, semi-monthly or monthly.  Ask your Account Manager about accelerating your weekly and biweekly payments to pay off your mortgage faster without having to pay a prepayment charge.

High Ratio Mortgages

High Ratio Mortgages

  • Subject to Canada Mortgage and Housing Corporation Insurance Premiums
  • Purchase a home with as little as 5% down
  • Open and Closed terms available