Features and Advantages

The Securitaire is a loan that is registered for a term of five years. It provides more flexibility than a closed five-year loan.

Your interest rate will decrease each year. The interest rate applicable each year is indicated to you and guaranteed upon disbursement of your mortgage loan.

After making at least one payment, you may convert the term of your loan to a closed term at any time, provided that your loan has a minimum term of 60 months in total, including the number of months elapsed since the loan was disbursed. The interest rate is fixed at the published rate for the term chosen less ¼ of 1%.

You will enjoy attractive savings on this loan in two ways:
- decreased monthly payments each year;
- fixed monthly payments, enabling you to repay your loan more quickly.

Other advantages of this loan to consider:
- no appraisal fees, application fees or processing fees;
- very attractive interest rates;
- mortgage is transferable if you move;
- no conversion fees;
- no renewal fees during the five-year term of the loan.