Homebuying

Flexi-mortgage®

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: 

example image describing a dream home purchase price and the mortgage amount


At Alterna, we're here to help you find your perfect mortgage fit. 

Benefits of a Flexi-mortgage®

Our current mortgage rates

5-yr variable
closed - high ratio

interest rate

3-yr fixed
closed - high ratio

interest rate

5-yr variable
closed

interest rate

*rates subject to change

Get Started

Whether you’re getting your first mortgage, renewing, switching or refinancing, we’re here to help you every step of the way. Start with a conversation—find out how easy it can be. Contact one of our Mortgage Specialists today.

Articles

a mother, father and their young child sitting at the kitchen table on their laptop

How to choose the best mortgage option

Consider these 8 things to help you pick a mortgage that's right for you. 

a calculator and a picture of a house

What is a 'mortgage stress test'?

Find out if you'll be able to afford your mortgage if interest rates rise.

a middle aged couple sitting on the couch reading an ipad

Your mortgage renewal checklist

Use this checklist to review all your options when your mortgage is up for renewal.

You may also need...

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.