Multi-Option Mortgage

With the Alterna Multi-Option Mortgage, you can use the equity in your home to manage all your credit needs. The Alterna Multi-Option Mortgage offers the combination of a mortgage with other financing options at attractive rates, all within one account.

Use your Alterna Multi-Option Mortgage to get the credit you need, quickly and without more messy paperwork. Whether you want to do some renovations, take a vacation, or want the comfort of access to “just in case” funds, you’re covered.

How does the Alterna Multi-Option Mortgage work?

If you currently have more than 20% equity in your home, you can access additional credit worth up to 80% of your home's current market value. In other words, your mortgage and other loans can total up to 80% of the appraised value of your home.

And, as you build more equity in your home over time, you can easily access this growing equity through your Alterna Multi-Option Mortgage.

For Example

Bob and Janet have paid down half of their mortgage (originally, seven years ago, it was $200,000 - now it’s $100,000). They’d like to do some renovations and buy a car. An Alterna Multi-Option Mortgage will give them the options they want, at lower interest rates than other finance options.

Contact an Alterna mortgage specialist to find out how you can make the most of the equity in your home.

Learn more about your mortgage options.