Credit Fee Schedule (253.3 kB)
If you want to take advantage of the lowest interest rates in the market and don't expect rates to rise anytime soon, then our short term mortgage loan is for you. It keeps the interest you pay to a minimum with a short term rate – especially attractive during periods of steady or declining interest rates. However, because interest rates can also go up, you'll need to keep a close eye on the financial markets.
To reduce interest-rate risk, you can divide your mortgage loan into multiple tranches with different interest-rate conditions (fixed-rate, variable-rate, or Libor-linked). That can help protect you against higher interest rates when you renew your mortgage.
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Credit Fee Schedule (253.3 kB)