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Your 2023 Annual Mortgage Statement is available since February 28th, 2024. To view your statement, sign in to your online banking account, navigate to "My Account" and click "View e-Documents". From there, you will be able to print or save documents that you need to include with your tax return.

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Specializing in mortgages that meet the
unique borrowing needs of Canadians

Introducing the WealthONE Alt-A Mortgage Program
 We focus on meeting the needs of a variety of borrowers, including:

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New Canadians
and permanent
residents
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Entrepreneurs and
self-employed
individuals
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Real estate
investors and
business owners

What is an Alt-A mortgage?

Canada enjoys one of the strongest real estate markets in the world but historically, there was a divide in the residential mortgage market. A mortgage was either ‘A’ or it wasn’t.

To be an ‘A’ residential mortgage, the borrower had to meet a very rigid criteria set by the big banks.  As a borrower, you had to fit within that “box.” Borrowers that did not fit within the big bank box would have to look elsewhere. Those borrowers who do not fit within the big bank box, yet had good credit, strong net worth and income, can benefit from having an ‘Alt-A’ mortgage.

Contractors, entrepreneurs, business owners, those who invest in rental properties – all may have variable or multiple income sources and may have a difficult time retaining traditional big bank mortgage financing (they are not in the ‘box’). Same for ‘newcomers’ to Canada that do not yet have credit history in Canada.

The Benefits of WealthONE’s Alt-A Mortgage

One of the primary benefits of working with WealthONE is the increased flexibility we offer. Borrowers who may have been turned away by traditional A lenders due to their unique circumstances can often find a viable option with WealthONE.

Whether you are New to Canada or simply the square peg that doesn’t fit the big bank’s round hole, an Alt-A mortgage from WealthONE can help you realize your dream of home ownership or expanding your real estate investment portfolio. 

Our Common Sense Lending™ approach and our highly experienced underwriters can help you get approved for a mortgage…so come tell us your story.

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Real life success story
“I’m a self-employed entrepreneur, so when it came time to buying a property, I needed a mortgage provider that could see my cash flow beyond bank statements. WealthONE helped my dream come true.”
G.J., Toronto, Ontario
Buy a home

WealthONE Residential Mortgage

Our flexible mortgage options are customizable to your individual borrowing needs and circumstances.

With all our residential mortgages, you can:
  • Choose a weekly, bi-weekly, semi-monthly or monthly payment plan
  • Make an annual lump sum payment of up to 20% of your original mortgage principal
  • Increase your regular payments once a year by 20% without penalty
  • Finance residential properties in all Canadian provinces (ex PQ)
A Fixed Rate Mortgage means no surprises
  • Choose from 1 to 5 year terms
  • Enjoy peace of mind, knowing that you have a predictable mortgage payment that won't fluctuate with interest rate changes
  • Providing you with the security of knowing precisely how much your payments will be throughout the entire term
A Variable Rate Mortgage may save you money
  • Choose from 3 or 5 year terms
  • Your interest rate may change throughout the term
  • If your interest rate goes down, you’ll pay down more of your principal
  • If your interest rate goes up, you’ll pay more interest
  • You can convert to a 3 or 5 year fixed rate mortgage any time
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Understanding Interest Rate Changes
Have a variable rate mortgage? Find out your options in a rising interest rate environment.

Fixed Rates

Rates effective as of 2024-5-31
WealthONE Prime Rate: 7.45%
Below rates apply to owner-occupied properties only***




6.79%
(1 yr closed)

6.59%
(2 yr closed)

6.39%
(3 yr closed)

6.59%
(4 yr closed)

6.39%
(5 yr closed)

APR**

8.10%
(1 yr closed)

7.26%
(2 yr closed)

6.85%
(3 yr closed)

6.94%
(4 yr closed)

6.67%
(5 yr closed)

Variable Rates*

Rates effective as of 2024-6-11
*WealthONE Prime Rate: 7.45%
Below rates apply to owner-occupied properties only***


6.95%
(3 yr closed)

6.95%
(5 yr closed)

 

 

7.39%
(APR**, 3 yr closed)

7.22%
(APR**, 5 yr closed)

 



* Variable interest rates will change as WealthONE’ s prime rate changes.
** APR (Annual Percentage Rate) is calculated semi-annually and includes any applicable fees such as application fees or administrative fees.  The APR figures above are based on the following: 

  • A mortgage amount of a $150,000 with a 25-year amortization period;
  • 1% application fee of $1500 and Ontario FCT fee (First Canadian Title fee) of $378.12;
  • Application fee and closing fee may vary based on loan amount and province.

***For properties that are not owner-occupied, an additional premium of 0.25% applies to all rates.

General Mortgage Rate Information:

  • Interest rates are compounded semi-annually, not in advance. Assuming no additional Cost of Borrowing fees are charged, the Annual Percentage Rate (APR) will be the same as the Interest Rate.
  • APR reflects the total interest amount the borrower will pay annually based on the total loan amount. For instance, a lower APR could in turn result in the borrower having lower mortgage payments.
  • All Rates are subject to the borrowers meeting WealthONE Bank’s lending criteria (this may include your credit score, income and property location) and are subject to change without notice.
  • Residential lending rates are determined on a case-by-case basis, which allows us to offer you competitive options for your specific needs.
  • Working with a mortgage broker will ensure you have all the information you need to make an informed decision on the option that is right for you.

Getting started is easy

Choose the option that works best for you:

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Borrow

Investing in real estate

When you invest in real estate, you may require flexible financing options, including a mortgage solution tailored to your specific property needs.

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Become a partner

Mortgage brokers and real estate professionals: partner with us

If you're looking for that unique financial institution that will see your client's story beyond the numbers on the paper, consider WealthONE as your mortgage lending partner.


Mortgage Calculator

Use the mortgage calculator to determine how much you can borrow and to estimate your monthly mortgage payments.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.