PRODUCTS AND RATES
Our Current Rates
Variable Rate Mortgage
Options for the Self-Employed
Express Income Qualifier
Extended Amortization
Refinance Program
Bridge Financing
Dept of National Defence
Mortgages
High Ratio & Conventional
Switches
GENERAL LENDING CRITERIA
FORMS
FAQ
 
 
Department of National Defence Mortgages

"DND" Mortgages for Department of National Defence Employees

Features

Rates

  • ING DIRECT's already low rates apply - no need for negotiation

Prepayment Options

  • Open for pay out at any time subject to conditions of relocation, with a 3-month interest penalty
  • 25/25 prepayment privileges

Terms

  • Fixed rate terms of 1, 2, 3, 4, 5, 7 & 10 years

Payment Frequencies

  • Monthly, Semi-monthly, Bi-weekly and Weekly
  • Accelerated payment options available on bi-weekly and weekly payment frequencies
  • Ability to skip a payment annually (mortgage must be in good standing - meaning no payments have been missed and mortgage is not in default)

Requirements

  • Standard CMHC/Genworth premiums apply
  • Proof of client's need to relocate

The above terms, rate and conditions are subject to change without notice.

 Download PDF

Having trouble reading the above file? If so, you'll need to download Adobe Acrobat Reader. Don't worry, it's free.


This site is intended for use by Mortgage Brokers. Visitors should be aware that all information regarding fees, policies & guidelines contained herein is positioned towards Brokers. Rates are subject to change without notice.
Privacy | Site Map