WE OFFER YOUR CLIENTS MAXIMUM VALUE AND FLEXIBILITY THROUGH A VARIETY OF FINANCING AND PAYMENT OPTIONS.
PORTABLE MORTGAGE
Your client can transfer, or port, their current TSB Private Bank Limited mortgage rate, loan balance and maturity date to their new mortgage.
ASSUMABLE MORTGAGE
Qualified buyers can take over, or assume, the mortgage of an existing client.
PAYMENT OPTIONS
ACCELERATED MORTGAGE PAYMENTS
Blending 13 months of payments over a 12-month period can reduce the amortization period and save your client thousands of dollars in interest costs. This option is not available for variable rate mortgages with variable payments.
15/15 PREPAYMENT PRIVILEGES
Once each calendar year, at any time, and free of charge, your client can:
- Increase mortgage payments (principal and interest) by up to 15% over current payments¹.
- Prepay up to 15% of the original mortgage principal.
PAYMENT FREQUENCY OPTIONS
Mortgage payments can be made weekly, bi-weekly, or monthly. These payments are automatically debited from your client’s account at the financial institution of their choice.
¹This prepayment privilege is non-cumulative and is available after the first anniversary of the mortgage. Not available for variable rate mortgages with variable payments.
This information is intended for financial intermediaries only.
