CanWise is both a mortgage brokerage and a CMHC-approved mortgage lender.
Features of a CanWise Mortgage:
- Bridge financing - if you are selling a home at the same time as buying another one, we have bridge financing available
- Portable - if you sell a property and buy another you could move your existing mortgage to the new property without a penalty
- Standard charge - we register our mortgage as a standard charge (as opposed to a collateral charge), which makes it easier for you to switch lenders in the future
- Lump sum prepayment privilege - Each year you are able to make additional lump sum payments, the total of which cannot exceed 20% of your original mortgage principal
- Increase your regular mortgage payment - You may increase your regular payment by up to 20% of the original payment amount
NOTE: Conditions apply
Calculate your Prepayment Penalty and Prepayment Privilege:
Use the Prepayment Calculators
CanWise Lending Posted Rates:
| Term | Posted Rate |
|---|---|
| 1 Year | 2.49% |
| 2 Year | 2.24% |
| 3 Year | 2.14% |
| 4 Year | 2.09% |
| 5 Year | 1.94% |
NOTE: These posted rates are used for prepayment penalty calculations