High Ratio Mortgages
Are you dreaming of buying a home, but haven't been able to save for the down payment? With this type of mortgage you can become a homeowner with as little as 5% down. A high-ratio mortgage requires mortgage loan insurance that can be added to your payments or paid in full on closing.
High ratio mortgages are available to qualified borrowers. Plus, Comtech Fire's great mortgage repayment options apply... 30% prepayment privileges.
Features
- Competitive rates – 60 days hold the rate guarantee
- Optional term duration from six months to five years
- Prepayment of up to 30% of the regular payment amount
- Group Creditor Insurance available
Benefits
- Easier planning with consistent payments for a specific term
- Expert advice provided
- Outstanding pre-payment options, up to 30% of the principal balance each year