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convertible 6/12 mortgage

select a convertible 6 or 12-month mortgage at a great low rates with the option of locking into a longer term, fixed rate mortgage at any time, without penalty

Want flexibility in your mortgage? Select a convertible 6 or 12-month term and choose from several payment frequencies with generous prepayment privileges and options.

how you can benefit from the convertible 6/12 mortgage:

lock into a longer term, fixed rate mortgage at any time, without penalty
get pre-approved online, over the telephone or at a pavilion
interest rate guaranteed for 120 days when purchasing and for 60 days when transferring or refinancing¹
convenient payment options: weekly, bi-weekly, monthly, semi-monthly, accelerated weekly or accelerated bi-weekly to pay off your mortgage faster
to pay down your mortgage faster, pay up to 10% of your original principal each year on a 6 month term; up to 20% each year on a 12 month term
increase your payment amount up to 15% for a six month term, up to 25% on a 12 month term
earn thousands of PC points² when your mortgage closes
get peace of mind with Mortgage Life Insurance³
enjoy a sweetener for transferring — we'll pay the appraisal costs and up to $100 of the discharge costs associated with the mortgage you currently hold at your financial institution, provided your mortgage is greater than $35,000 at a minimum 3-year term⁴

have questions about mortgages? ask an expert today!

Our Personal Banking Representatives are ready to answer your questions — just call 1-888-236-6362 or visit an in-store pavilion.

Calculate how many PC points you can earn with the convertible 6/12 mortgage.

more mortgages to meet your needs

already applied?

If you have already applied, you can continue with your saved mortgage application or view your status.


	earn 2,500 PC points towards free groceries for every $1,000 of your total mortgage balance on your closing day.

Minimum amount for a President's Choice Financial mortgage is $35,000.00. Mortgages are subject to credit approval. Some conditions and restrictions apply.

¹Rate guarantee subject to change without notice.
²Minimum redemption is 20,000 PC points (worth $20 in free rewards) and in increments of 10,000 PC points thereafter. PC points may not be redeemed against the purchase of tobacco, lottery tickets, alcohol, prescription medication, milk in Quebec, or any products or services prohibited by law or as we determine from time to time. Number of PC points varies by mortgage. PC points are not earned with the variable rate, basic or 5% cash back fixed rate mortgages. In-store rewards available at participating stores where President’s Choice products are sold. ³Mortgage Life Insurance is underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment. ⁴Not available on mortgage increases (mortgage consolidation or equity take-out).

^®™PC, PC Financial, President’s Choice, President’s Choice Financial, unbeatable, eatable mortgage and Fresh Financial Thinking are trademarks or registered trademarks of Loblaws Inc. CIBC a licensee of the marks.