DUCA Flex Mortgage

Do I choose a variable rate or fixed rate? Should I commit to a 5 year term or only a 1 year term? What if rates jump over the next year? What if I need money for home renovations?

If any of these are questions you have asked yourself when thinking about your mortgage, you may want to think about a DUCA Flex Mortgage. A DUCA Flex Mortgage offers you the ability to structure your mortgage in four different components, giving you the maximum in flexibility. Choose between variable or fixed rate options, PrimeLine (line of credit), and even vary the length of terms depending on your preference.

For example:

Margaret speaks to her local branch manager about her mortgage options. She is looking for a loan of $200,000 to purchase the home of her dreams. She also discusses her desire to update some of the features in the home sometime in the future. With the help of her branch manager, she decides a DUCA Flex Mortgage would offer her the flexibility and comfort she is looking for. She structured her mortgage into three different components that met her needs:

•  $75,000 in a five year fixed rate - for peace of mind

•  $75,000 in a five year variable rate - to take advantage of the current low rates with the ability to lock in at any time

•  $50,000 in a DUCA PrimeLine line of credit - giving her the flexibility to draw on funds when needed for future renovation costs

A DUCA Flex Mortgage can help you achieve the piece of mind of a fixed term mortgage while allowing you to take advantage of great rates and flexibility of a variable rate or line of credit. Ask a loan officer about your mortgage options today.