Synergy Open Mortgage

A residential term mortgage product that offers more flexibility since it allows you to pay down your mortgage as quickly as possible with no pre-payment penalties.

Cost Savings/Earnings: Expand/Collapse

"You have the opportunity to have more money in your pocket."
- No limits on the amounts you can prepay.
- No prepayment penalties.
- Free mortgage renewals.
- Competitive interest rates.

Flexible: Expand/Collapse

"You have multiple options to choose from to fit your needs."
- Your options include:

Fixed rate (1 year term) or variable rate (3 year term) options available.
The ability to convert to any of our other Synergy mortgage products at anytime (convertible).
Automatic transfers or self payments.
Payment frequency (weekly, biweekly, monthly, etc.).

Affordable: Expand/Collapse

"You can acquire your dream home sooner with a smaller down payment."
- Conventional (as little as a 20% down payment) or CMHC* options (5% down payment) available on certain terms.

"You can acquire your dream home sooner with a smaller down payment."
- Life of mortgage up to 25 years.

Peace of Mind: Expand/Collapse

"You can protect your assets and your family in light of unforeseen events."
- Loan payment protection available:

Life
Disability
Critical Illness
Loss of Employment

Additional Information:

* Other options may be available for the funding of your down-payment. See in-branch for details.
- Canada Mortgage & Housing Corporation (CMHC) approval is required. Synergy provides the application on your behalf.
- CMHC premium can be added to your mortgage.