President's Choice Financial|accounts and products|the unbeatable, eatable mortgage|a menu of mortgages

variable rate mortgages

get the best of both worlds with a variable interest rate and flexible payment options

Own your home faster with our competitve rates and flexible payment options. Plus, enjoy peace of mind with the option to lock into a fixed rate of 3 years or more at any time.

how you can benefit from the variable rate mortgage:

get a 5 year closed term

get pre-approved online, over the telephone or at a pavilion
Own your home faster with:

generous prepayment privileges: up to 20% of your original principal annually
flexible repayment options — choose the payment option most convenient for you: weekly, bi-weekly, monthly, semi-monthly, accelerated weekly or accelerated bi-weekly to pay off your mortgage faster.
the ability to increase payment amounts to help you pay your mortgage down faster¹

our “rainy day” skip-a-payment option² gives you the convenience of skipping one scheduled payment a year
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

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

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

¹Remaining amortization must not drop below 5 years (60 months).
²"Rainy Day" option only available on a conventional variable rate, fresh cut, cash back or PC points plus mortgage. Interest accrues during the skip-a-payment period. Ask for details.
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) and is subject to conditions and exclusions as set out in the insurance certificate.

^®™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.