|
Need Cash?
If you already own a property
and need cash to renovate or invest in a registered
retirement savings plan (RRSP) or another project, Industrial Alliance
has two very simple solutions for you:
 |
Refinancing
|
If you already have a loan at Industrial Alliance
or wish to transfer your loan to Industrial Alliance, you can increase
your mortgage balance and free up cash that would not otherwise be accessible
to you. Contact
us for assistance*.
*Certain conditions apply.
|
Interest-Only Option*
|
If you already own a house and would like
to decrease your payments so that you can invest your money elsewhere and make it work for
you until you retire, the interest-only option is for you.
With the interest-only option, you enjoy a
principal-repayment holiday that lets you put otherwise unavailable funds
to good use**.
 |
You pay only interest
You may opt to pay only interest on your mortgage loan for a term
of five years.
|
|
Enjoy a unique privilege
Since you will not be repaying the principal on your mortgage loan,
you will have additional cash to invest in an RRSP or other investment
vehicles.
|
|
Calculate the interest portion
To determine the interest portion (monthly payments), use our calculator
.
|
*Available only for certain 5-year terms.
**Certain conditions apply.
|
