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

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

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