i 107™

You want to buy a home. You have a good credit rating and a solid income, so what's standing in your way? You're probably saving for a down payment. And that can take time. Meanwhile, you're paying rent and worried that you won't be able to find an affordable home by the time you've saved enough.

The hurdle of that down payment can be particularly frustrating. While your future prospects are excellent, your savings are non-existent. That's where i 107TM can help to really get you ahead.

The i 107TM mortgage is a no down payment mortgage that can open the door to the home you want, right away. It's a unique lending product that provides you with the money you need to buy the home you want. And then some.

Key Features & Benefits:

• Approvals up to 107% of the home's value
  
• 3% cash back
  
• Minimum $75,000 CDN, maximum $400,000 CDN ($500,000 CDN in certain major centres)
  
• 3 and 5-year fixed rate terms
  
• Amortization up to a 25-years
  
• 60 day rate hold
  
• Flexible prepayment options; up to 20% prepayment and 20% increase in payments annually
  
• Single family up to a four-plex
  
• Not available if you own an existing property
  
• Get approved up to 107% of your home's value and receive

The 3% cash back you receive can be used to take care of expenses related to your move like legal fees, movers and land transfer costs. Or, you can use it to pay off student loans or high interest credit cards.

The i 107TM mortgage is designed to help Canadians with good credit and steady incomes make the dream of home ownership a reality.