1-10 Year Closed - Fixed Rate Mortgage
Eligible for a variety of MCAP loan programs so YOU get a mortgage suited to your particular needs.
Eligibility for MCAP loan programs will vary depending on the term selected.
|Closed Fixed Rate Term||Eligible MCAP Loan Program(s)|
|3, 4 and 5 year||Transfers and Secondary Homes|
With a fixed interest rate mortgage payments are guaranteed not to change for the entire length of the term selected.
|1-10 Year Closed Program Details|
1, 2, 3, 4, 5, 7, 10 year closed
|Rate Hold||120 day rate hold period|
$50,000 to $950,000 (Max $500,000 - 7 year and 10 year) MCAP - approved appraisal must be sent with application for loans with property values over $1 Million (refer to BDM for exceptions)
Gifted or from own resources
Monthly, semi-monthly, bi-weekly, weekly (accelerated)
|20% + 20% Prepayment Privilege||
|**Some exceptions available for transfer ins. Subject to change without notice.|