What is a Value Mortgage?
Our Value Mortgage is a simple option for people who are looking for the lowest rate available. While it offers savings, the Value Mortgage doesn’t come with any of the extra bells and whistles offered by some of our other mortgage options, such as skip-a-payment, etc. Predictability is where the Value Mortgage shines. Offering a fixed rate for one to five years, this option ensures you’ll know exactly what your payments will be each month.
Our Value Mortgage is ideal for those who appreciate simplicity and predictability. If you’re not into extra frills and don’t love surprises, this mortgage may be right for you!
Why choose a Value Mortgage?
Consistent payments
Your mortgage payments stay the same throughout your term, even if interest rates change.
Pay off your mortgage sooner
Make extra payments by paying up to 10% of your principal or increasing payments by 10% each year.
Choose your plan
Select a payment schedule that works for you, including monthly, semi-monthly or bi-weekly options.
Which is a better fit?
Both are solid options — the right one depends on whether you prioritize savings or flexibility.
| Feature | Value Mortgage | Flex Feature Mortgage |
|---|---|---|
| Rate type | Fixed only | Fixed or variable |
| Term | Closed only | Open or closed |
| Rate | Lowest available | Slightly higher |
| Skip-a-payment | Not available | Available |
| Prepayment privilege | Up to 10% annually | Up to 20% annually (closed) |
| Best for | Simplicity and lowest rate | Flexibility and control |
Lock in your rate before you buy.
Planning to buy a home soon? Our 120-day rate guarantee* gives you confidence knowing your mortgage rate is protected while you search for your new home.
Is this mortgage right for you?
Right for you if you:
- Like to keep things simple and easy.
- Want the lowest rate available.
- Want your payments to be consistent.
May not be right for you if you:
- Want options, such as skipping a payment, with your mortgage? If so, consider our Flex Feature Mortgage instead.
- Want to pay off your mortgage before the term ends.
Today's rates
Term
5 year closed
4 year closed
3 year closed
2 year closed
1 year closed
Tools to help you plan your mortgage.
Common questions.
Here’s what people ask us the most.
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A Value Mortgage offers a fixed interest rate and predictable payments, making it a great option for those who value stability and savings.
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No. With a fixed-rate Value Mortgage, your mortgage payments remain the same throughout your term, even if rates change.
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Choose a payment schedule that works for you, including monthly, semi-monthly or bi-weekly payment options.
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A Value Mortgage is ideal for those who prefer our lowest rate and want predictable payments over additional mortgage features.
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A Mobile Mortgage Specialist or Financial Advisor can help you understand your options and choose a mortgage that aligns with your financial goals.
Let's connect.
Our Mobile Mortgage Specialists are here to walk you through your options — at home, at the office or virtually. Book a time that works for you and let’s find your ideal mortgage.
