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Get the best of all worlds with our most flexible mortgage.
Divide your mortgage into as many as six terms for greater flexibility and more repayment options.
Are interest rates likely to rise or fall? Is it better to choose a long- or short term-mortgage? Will I save more with a fixed or variable rate? Unless you’ve got a crystal ball, it’s impossible to tell what the future holds.
With our Flexi-mortgage®, you don’t have to. You can divide your mortgage into as many as six different open or closed, fixed- or variable-rate terms.
You can get both the payment certainty of a fixed-rate mortgage and the potential cost saving of a variable-rate mortgage should interest rates fall.
For example: John's total mortgage amount is $600,000. He can choose to split his terms as follows:
At Alterna, we're here to help you find your perfect mortgage fit.
Benefits of a Flexi-mortgage®
Our current mortgage rates
5-yr fixed closed – high ratio
5-year variable closed – high ratio
*rates subject to change
How to choose the best mortgage option
Consider these 8 things to help you pick a mortgage that's right for you.
What is a 'mortgage stress test'?
Find out if you'll be able to afford your mortgage if interest rates rise.
Your mortgage renewal checklist
Use this checklist to review all your options when your mortgage is up for renewal.
You may also need...
Mortgage Default Insurance
Is your down payment less than 20%? You need mortgage default insurance.
Secured Line of Credit
Get access to funds at a lower interest rate, backed by security like the equity in your home.
Find a smarter way to make your money work for you. Alterna has a banking package to suit your every need.
We have a credit card to fit your lifestyle. Whether you’re looking for valuable reward points, unique partner benefits or simply lower fees, you can choose the card that's right for you.
Alterna Wealth can help manage your investments so you can build, strengthen and preserve your wealth.
Protect your loved ones and gain peace of mind. Our payment protection† ensures your financial obligations will be met if you experience disability, critical illness or job loss, or in the event of your death.
Creditor insurance is available for the following products in the event of death, disability, and critical illness:
- Personal loans
- Lines of Credit
Furthermore, creditor insurance is also available for the following products in the event of job loss:
How can we help?
†Payment Protection Legal Disclaimer:
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.