Multiproject Option

Finance your projects with the amounts you've paid on your mortgage loan.

Is this loan for you?

  • You benefit from a mortgage loan.
  • You wish to borrow the sums you have already reimbursed to finance various projects.
  • You would like to have the flexibility to use this option as often as you like, for any type of project, without legal fees.
Outlines

Interest rate: Equal to your current mortgage rate

Maximum amount available: The amount you have paid back on your mortgage

Repayment: One periodic payment

 

Features

 

Interest rate
  • Equal to your current mortgage rate (lower than the rate on a personal loan or line of credit)
Maximum amount available
  • The amount you have paid back on your mortgage, up to the initial loan amount
Repayment
  • You only have to make one periodic payment because it is combined with your mortgage payment
Possible uses
  • Purchase a car
  • Renovate your home
  • Pay tuition fees
  • Take a vacation
  • Make RRSP contributions
  • Purchase unused contribution room RRSPs

 

More information

This option is not included in your mortgage?

If this option is not included in your mortgage, you can obtain it when you refinance your home.

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