User-Friendly Mortgages
Mortgages so flexible and convenient, they are designed with Your individual financial needs in mind.
While some lenders try to make their standard mortgages fit everybody, Our Lenders take a
different approach. We constantly monitor housing markets, economic indicators; interest
rate trends, consumer demographics and industry regulations, then they design a whole
range of innovative mortgages so there is at least one that may fit your needs and lifestyle
perfectly!
In addition, our mortgages come with several other important extras.
• They’re acknowledged to be more flexible, so you can change payment frequency, increase
payments
or make lump-sum payments more easily. *
• Most feature a 90-day rate guarantee, so if rates drop after you apply, you get the best rate in
effect 7 days before closing. *
• All BTB’S mortgages offer extremely competitive rates.*
Here’s the complete list of our user-friendly mortgages
Fixed & variable Rate Mortgage
Our fixed rate mortgages offer proven benefits any time interest rates are low but potentially
about to climb. Not only do they give you the opportunity to lock in today’s low rates for up to
10 years, our rate pricing is extremely competitive. Historically, our everyday low rate on our
5 year term has often been more than 1% below the average posted rates offered by other
retail financial institutions.
These full ranges of medium term mortgages are ideal if you’re just starting out in the home market and want to lock in, but are hesitant about
committing for extra long terms. Plus they give you maximum pre-payment Flexibility so you can be mortgage-free sooner.
Terms: 1, 2, 3, 5, 7 and 10 years.
Amortization: 5 to 35 years
Types of Property: Owner occupied or rental and commercial.
Purpose of Funds: Purchases, refinances, equity takeouts and transfers.
Payment Frequencies: Monthly, semi-monthly,bi-weekly or weekly
Increased Payments: Payments can be increased by as
much as 25% annually, without prepayment costs.
CASH BACK MORTGAGE
Cash back mortgages eliminate the worry of running out of cash at purchase time. Mortgage insurance regulations require you to submit proof at the
time of application that you have sufficient funds to cover legal fees and disbursements. A cash back mortgage takes care of this by paying up to 5% of
the mortgage amount directly to your lawyer on closing. In one simple transaction, you get your mortgage AND budget for closing costs!
You’ll find a cash back mortgage convenient on a refinance. Whether you need cash ready for renovations, new appliances, a vacation or maximizing
your RRSP contribution, the same cash back options are available to you.
ALTERNATIVE MORTGAGES
A solution for people who are self-employed or have credit problems.
Tougher regulations and computerized underwriting are making it increasingly difficult for you to qualify for a mortgage if you’re self-employed, have no
Canadian credit record or have credit problems. Our Alternative mortgage products solve this problem by giving a much wider range of
mortgage applicants access to the funding they need.
Free Home Owner's Advantage Program
Besides getting a mortgage ideally suited to your needs, get peace of mind.
As if innovative features and highly competitive rates weren’t enough, some of our mortgage products offer Home Owner's Advantage
Program, included on most of our mortgages. This attractive new feature provides up to $10,000 worth of free home repair Services
annually when unexpected breakdowns or malfunctions occur. The first year of membership in this program is included
COMPLIMENTARY on most of our mortgages, which represents a value of over $200! No property inspections are required, and
the program is transferable on the assumption of the mortgage.
The Home Owner’s Advantage Program offers around-the-clock service support for most major
home systems, including all parts and labor. Immediate assistance is just a phone call away for
problems involving: Electrical, water, heating, plumbing & central heating central air conditioning.
*Both applicant(s) and property must meet lending criteria. Some conditions, restrictions and
administrative fees may apply. **Conditions are subject to change or withdrawal without notice.
Mortgages so flexible and convenient, they are designed with Your individual financial needs in mind.
While some lenders try to make their standard mortgages fit everybody, Our Lenders take a
different approach. We constantly monitor housing markets, economic indicators; interest
rate trends, consumer demographics and industry regulations, then they design a whole
range of innovative mortgages so there is at least one that may fit your needs and lifestyle
perfectly!
In addition, our mortgages come with several other important extras.
• They’re acknowledged to be more flexible, so you can change payment frequency, increase
payments
or make lump-sum payments more easily. *
• Most feature a 90-day rate guarantee, so if rates drop after you apply, you get the best rate in
effect 7 days before closing. *
• All BTB’S mortgages offer extremely competitive rates.*
Here’s the complete list of our user-friendly mortgages
Fixed & variable Rate Mortgage
Our fixed rate mortgages offer proven benefits any time interest rates are low but potentially
about to climb. Not only do they give you the opportunity to lock in today’s low rates for up to
10 years, our rate pricing is extremely competitive. Historically, our everyday low rate on our
5 year term has often been more than 1% below the average posted rates offered by other
retail financial institutions.
These full ranges of medium term mortgages are ideal if you’re just starting out in the home market and want to lock in, but are hesitant about
committing for extra long terms. Plus they give you maximum pre-payment Flexibility so you can be mortgage-free sooner.
Terms: 1, 2, 3, 5, 7 and 10 years.
Amortization: 5 to 35 years
Types of Property: Owner occupied or rental and commercial.
Purpose of Funds: Purchases, refinances, equity takeouts and transfers.
Payment Frequencies: Monthly, semi-monthly,bi-weekly or weekly
Increased Payments: Payments can be increased by as
much as 25% annually, without prepayment costs.
CASH BACK MORTGAGE
Cash back mortgages eliminate the worry of running out of cash at purchase time. Mortgage insurance regulations require you to submit proof at the
time of application that you have sufficient funds to cover legal fees and disbursements. A cash back mortgage takes care of this by paying up to 5% of
the mortgage amount directly to your lawyer on closing. In one simple transaction, you get your mortgage AND budget for closing costs!
You’ll find a cash back mortgage convenient on a refinance. Whether you need cash ready for renovations, new appliances, a vacation or maximizing
your RRSP contribution, the same cash back options are available to you.
ALTERNATIVE MORTGAGES
A solution for people who are self-employed or have credit problems.
Tougher regulations and computerized underwriting are making it increasingly difficult for you to qualify for a mortgage if you’re self-employed, have no
Canadian credit record or have credit problems. Our Alternative mortgage products solve this problem by giving a much wider range of
mortgage applicants access to the funding they need.
Free Home Owner's Advantage Program
Besides getting a mortgage ideally suited to your needs, get peace of mind.
As if innovative features and highly competitive rates weren’t enough, some of our mortgage products offer Home Owner's Advantage
Program, included on most of our mortgages. This attractive new feature provides up to $10,000 worth of free home repair Services
annually when unexpected breakdowns or malfunctions occur. The first year of membership in this program is included
COMPLIMENTARY on most of our mortgages, which represents a value of over $200! No property inspections are required, and
the program is transferable on the assumption of the mortgage.
The Home Owner’s Advantage Program offers around-the-clock service support for most major
home systems, including all parts and labor. Immediate assistance is just a phone call away for
problems involving: Electrical, water, heating, plumbing & central heating central air conditioning.
*Both applicant(s) and property must meet lending criteria. Some conditions, restrictions and
administrative fees may apply. **Conditions are subject to change or withdrawal without notice.
Better than Banks!
