Desired Mortgage Amount
This is the value of the mortgage you require. The actual mortgage amount that you qualify for will be determined when you apply.
Rate of Interest
The rate you are charged for borrowing the money. The majority of rates in Canada are calculated semi-annually, not in advance.
The total length of time over which the principal amount of the mortgage is repaid. Amortizations up to 30 years are available.
This is how often you will make payments towards the principal of your loan. Your choices are monthly, biweekly, and weekly.