You are here:

Mortgages

Dependable mortgage solutions, made just for you. That's what an Alterna mortgage is all about.

Helga #UnscaryMortgage


It's our promise that:

  • We'll give you fair, competitive rates - no need for shopping around
  • We'll be open and transparent with our mortgage rate pricing, so you'll always know what you're getting
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*
  • You don't have to go through this alone. Speak to one of our mortgage specialists by visiting a branch or calling 1.877.560.0100
Types of Mortgages

CLOSED FIXED RATE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS**:

Get the advantage of predictable payments and always know what your payments will be
  • 6 Months
  • 1 - 5 Years
  • 7 Years
  • 10 Years
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • Pay up to 20% of the original principal amount per calendar year
  • Increase your payment up to 100%
 VIEW RATES

OPEN FIXED RATE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

An open mortgage gives you the choice to pay your mortgage off whenever you like, without penalty
  • 6 Months
  • 1 Year
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • Mortgage can be paid off at any time without penalty
 VIEW RATES

CLOSED VARIABLE RATE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

With a variable rate mortgage your interest rate fluctuates with the Prime rate. A variable rate mortgage is ideal when interest rates are dropping. If interest rates go up so will your costs of borrowing.
  • 3 Year
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • Pay up to 20% of the original principal amount per calendar year
  • Increase your payment up to 100%
 VIEW RATES

OPEN VARIABLE RATE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

With a variable rate mortgage your interest rate fluctuates with the Prime rate. A variable rate mortgage is ideal when interest rates are dropping. If interest rates go up so will your costs of borrowing.
  • 3 Year
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • Mortgage can be paid off at any time without penalty
 VIEW RATES

CASH BACK MORTGAGE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

When you take out a Cash Back Mortgage, you're given a fixed rate that won't change for the entire length of the mortgage term, and the option of taking an amount of up to 5% of the principal back in cash.**

Learn More
  • 6 Months
  • 1 - 5 Years
  • 7 Years
  • 10 Years
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • Pay up to 20% of the original mortgage principal amount per calendar year
  • Increase your payment by up to 100%
 VIEW RATES

MULTI-OWNERSHIP MORTGAGE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

Homebuying is intimidating enough, so why go in alone? Have you ever considered buying a home with your parents? Here at Alterna, we aim to give you as many options as possible. 

Learn More
  • 6 Months
  • 1 - 5 Years
  • 7 Years
  • 10 Years
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • As per mortgage type chosen
 VIEW RATES

MULTI-OPTION MORTGAGE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

The Alterna Multi-Option Mortgage offers the combination of a mortgage with other financing options at attractive rates, all within one account.

Learn More
  • Various
  • Weekly
  • Bi-Weekly
  • Monthly
  • As per mortgage type chosen
 VIEW RATES

FLEXI-MORTGAGE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

The Flexi-Mortgage acts like a mortgage "ladder" where renewal dates are staggered. You get it all – the security of a closed mortgage, and the flexibility of an open one.

Learn More
  • Mixed - up to 6 terms
  • As per mortgage type(s) chosen
  • As per mortgage type(s) chosen
 VIEW RATES


INVESTMENT (OR NON-OWNER OCCUPIED) MORTGAGE TERMS: PAYMENT FREQUENCY: PRE-PAYMENT OPTIONS:

Buying a property to rent out can be a great investment. Not only could it appreciate in value over the years, but it can give you a steady monthly income in the meantime.
  • Variable Closed, 3 and 5 Year
  • Variable Open,
    3 Years
  • Fixed Closed,
    6 months, 1 - 5*** Year, 7 and 10 Year
  • Fixed Open,
    6 Months and 1 Year
  • Weekly
  • Bi-Weekly
  • Monthly
  • Semi-Monthly
  • As per mortgage type(s) chosen
 VIEW RATES

Apply Online

Open online in minutes.


Call Us Directly

We can easily help you over the phone.

 

Find A Branch Near You

Our interactive map will help you finds us.

*For variable rate mortgages, the rate guarantee applies to the variance to Prime.

**Conditions apply. Contact us for complete details.

***Promotional rates are not available on 5-year Investment Mortgage terms.