*Amortization period: The total length of time it will take you to pay off your mortgage.
**Once each calendar year, over the term of your mortgage loan, you may increase your regular monthly payment on account of principal and interest by 20% of the original regular mortgage payment. This prepayment privilege is not cumulative from year to year.
You may prepay up to 20% of the original principal amount of your mortgage once in every 12-month period. The prepayment is applied directly to the principal of your mortgage.
***Today's WealthONE Prime Rate is 5.95%. WealthONE Prime Rate is an annual variable rate of interest announced by Wealth One Bank of Canada from time to time as its prime rate.