You’ve found your dream home now own it sooner with a great mortgage. A Mainstreet mortgage offers a low mortgage rate and incredible perks like generous pre-payment options, plenty of payment frequency choices, and a *free chequing account.
You decide how to pay - smaller payments weekly, or the full amount once per month (or something in-between)!
*Savings tip - choosing weekly or bi-weekly options can save you money over time! Talk to us to learn more!
With a mortgage (or any combined business at Mainstreet of over $100,000) you can recieve a Complete, E-ssential, or Light chequing account package for free!
Rates change. Life changes. If you are in a variable rate mortgage you can switch into a fixed rate mortgage at any time! If your needs change, you want to move, your family expands - talk to us! There are lots of options from blending your existing mortgage into another Mainstreet product, taking advantage of a new mortgage offer, or bringing your existing mortgage with you to your next home - we'll help recommend the best approach for you.
Don’t worry we can help you in determining which is the right one for you.
Interest Rate
Fixed - Locked in for the full term of the mortgage
Variable - It fluctuates based on the market
Payments
Fixed - Set in advance for the term - your payments remain the same
Variable - It fluctuates based on the market
Open or closed mortgage
Can be either - Open mortgages can be paid off at any time. Closed mortgages can usually be paid off prior to maturity but fees apply.
*Rate subject to change and on approved credit (O.A.C).
For most families the biggest debt and the biggest monthly expense are one and the same thing: the mortgage. Mortgage life insurance, available on all Mainstreet mortgages, helps ensure the security of your family home in the event of loss of life.