* As of August 16, 2017, applications for Fundamental mortgages will no longer be accepted.
** Special offers apply only to new mortgages of owner-occupied properties with an amortization of 25 years or less. Annual Percentage Rate (APR) is based on a new $400,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $300. Rates shown for the applicable term are Simplii Financial’s special discounted rates and are not posted rates of Simplii Financial. Offer may be changed, withdrawn or extended at any time, without notice. Offer cannot be combined with other offers and is not available on variable rate, cashback fixed rate mortgages, existing Simplii Financial mortgages or mortgage renewals.
APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.
Offer cannot be combined with other offers and is not available on variable rate, cashback fixed rate mortgages, existing Simplii Financial mortgages or mortgage renewals.
* All credit products are subject to credit approval. Some conditions and restrictions apply; ask for details.
1 For illustration purposes only. Payment option scenarios assume a 5-year closed, fixed rate mortgage of $120,000 with a 25-year amortization and a constant annual interest rate of 6.85% over the entire life of your mortgage compounded semi-annually, monthly payments of $830 and assumes no additional payments. Actual rates will vary, which will affect your payment amount, your mortgage payout date and the amount you could save.
2 Payment options are subject to the terms and conditions of your mortgage. In some cases, making a prepayment on your mortgage or paying off your mortgage early can lead to a prepayment charge, depending on the type of mortgage you have. Prepayment charges may also apply if you renew early or refinance your mortgage. Please contact us in advance to discuss all your options.
3 Subject to approval and eligibility based on the terms of the mortgage. Please contact us at 1-888-866-0866
4 3.13% APR
5 3.02% APR
6 3.01% APR
7 3.06% APR
8 3.22% APR