Prime Time Mortgage

Prime Time is our limited-time mortgage offer that combines short-term savings with long-term flexibility, ideal for clients navigating a fluctuating market. This full-featured mortgage starts with a 3- or 5-year variable mortgage. Your clients can benefit with a payment discount for the  first six months, receiving a monthly refund that effectively reduces their rate, helping them save more than they would on a currently pricedfixed mortgage.
After the initial six-month savings period ends, clients can choose to remain with the variable rate to benefit from any future decreases in market rates, or they can convert to a fixed rate at any time without penalty, giving them the stability of predictable payments.

The variable mortgage conversion feature allows clients to “time the market,” locking in immediate savings today while retaining the flexibility to adapt to tomorrow’s rate environment. For financial advisors, it’s a compelling solution for clients who value both cost savings and the ability to pivot as conditions change.

5 Key Advantages for Your Clients

Immediate Interest Savings – Monthly refund for the first six months lowers the effective interest rate and delivers more savings than a comparable fixed mortgage.
Flexibility to “Time the Market” – Remain on a variable rate to benefit from potential future rate drops.
Penalty-Free Conversion to Fixed – Switch to a fixed rate at any time without penalty for predictable, stable payments.
Full-Featured Mortgage Benefits – Includes standard mortgage features such as 20% prepayment privileges and mortgage portability.
Tailored for Market Uncertainty – Designed for clients who want both stability and adaptability in changing interest rate conditions.