Residential
Home Equity.
Take out the equity in your home by availing a line of credit upto 65 % of Loan-to-Value (LTV). Deposit surplus funds and withdraw at will to save on interest cost.
High LTV Loans
Get financing upto 95% of LTV with Canada Mortgage and Housing Corporation (CMHC) insurance. Premium of CMHC included in loan amount.
Conventional Mortgage
Avail a mortgage for up to 80% LTV competitive rates and for terms up to 5 years.
Mortgage Prepayment Disclosure - Click Here
Residential Mortgage Public Disclosures - Click Here
Information on Mortgage Security (Residential Mortgage) - Click Here
Residential Mortgage Rates
| Fixed Rate Mortgages | ||
|---|---|---|
| Closed | ||
| Term | Posted Rates | Special Rates |
| 6 Months | NA | NA |
| 1 Year | 8.00 % | NA |
| 2 Year | 8.00 % | NA |
| 3 Year | 8.00 % | NA |
| 4 Year | 8.00 % | NA |
| 5 Year | 8.00 % | Special Offers are Available. (Ask our Branches for more details) |
| Variable Rate Mortgage | ||
|---|---|---|
| Variable Closed Mortgage | ||
| Term | Posted Rates | Special Rates |
| 5 Year | SBIC CAD Prime Rate + 2.00 % | Special Offers are Available. (Ask our Branches for more details) |
| Home Equity Line of Credit | SBIC CAD Prime Rate + 3.00 % | Special Offers are Available. (Ask Branches for more details) |
- SBI Canada Bank Prime Rate is 7.20% with effect from July 13, 2023.
- Rates have been provided for information only and are subject to change without notice at any time.
- Special Offer may be changed or be withdrawn at any time without notice.
- Other conditions and restrictions apply.
