Affordable, accessible mortgage loans

Put your home to work for you 

Leverage the equity in your home and maximize your borrowing power. Whether it's getting a first or second mortgage, or refinancing your existing mortgage, CitiFinancial is here for you.
 

First mortgage refinancing UP TO $400K

Refinance your first mortgage

Your first mortgage helped you buy your home, and refinancing can help you meet new goals, like debt consolidation, or provide the flexibility of available cash. With affordable, fixed payments, amortization periods up to 25 years and our lowest interest rates, a first mortgage refinancing loan from CitiFinancial allows you to access the money you need. 

APPLY FOR A LOAN ONLINE

At a glance

Loan amount
Up to $400,000
Maximum Loan-to-Value (LTV)
90%
Rates from
11.85%*
Amortization period
Up to 25 years
Terms
1–5 years
Secured
Yes
Payments
Fixed
Fees
Vary by province
Prepayment penalties
Vary by province
Time to process
2+ days

What to consider with a first mortgage refinancing loan 

Maximum LTV

Your loan amount is determined by your “Loan to Value” (LTV) ratio, which is the amount of the equity in your home. Our maximum LTV on mortgage refinancing is 90%. 

Pricing determination 

We'll always work with you to find a mortgage solution that works for your life. We take into account your credit history, ability to pay, home value and more.

Time to process 

Most mortgages take 2–3 days to process. Read ahead about how to apply and what happens next.

Fees and penalties 

Fees vary by province, and may include an appraisal fee, title examination, insurance, administration and other applicable fees.

Second mortgage loan UP TO $125K

Reset your finances with a second mortgage loan

A second mortgage gives you the money you need to tackle life’s challenges. With affordable, fixed payments and amortization periods up to 20 years, a second mortgage loan can help you consolidate debt, cover home improvements and set yourself up to achieve your goals.

APPLY NOW

At a glance

Loan amount
Up to $125,000
Maximum Loan-to-Value (LTV)
80%
Rates from
13.60%
Amortization period
Up to 20 years
Secured
Yes
Payments
Fixed
Fees
Fixes
Prepayment penalties
Vary by province
Time to process
2+ days

What to consider with a second mortgage loan 

Maximim LTV

Your loan amount is determined by your “Loan to Value” (LTV) ratio, which is the amount of the equity in your home. Our maximum LTV on mortgage refinancing is 80%. 

Pricing determination 

We'll always work with you to find a mortgage solution that works for your life. We take into account your credit history, ability to pay, home value and more.

Time to process 

Most mortgages take 2–3 days to process. Read ahead about how to apply and what happens next.

Fees and penalties 

Fees vary by province, and may include an appraisal fee, title examination, insurance, administration and other applicable fees.

*Interest rates may vary by province.

In Ontario, CitiFinancial Canada Inc. is licensed as mortgage brokerage 10821.

Name Here

Diane's Story

Diane and her husband Steve had worked hard for decades and are now enjoying retired life. Diane wanted to help her husband buy a camping trailer so they could spend more time on the road travelling Canada, but a personal loan wasn’t enough to fund the purchase. Working with a CitiFinancial Lending Specialist, Diane determined that refinancing their first mortgage would provide the money they needed — and at a lower interest rate than a personal loan. Diane was pleased she would be able to meet her goals and couldn’t wait to share the good news with her husband.

This story is based on a typical customer situation.

Loan Amount
$300,000
Interest Rate
11.85%
Paid back in
18 years

Looking for a first mortgage? We have what you need. 

Our Lending Specialists will work with you set up a mortgage for a new home or one you already own. With a wide range of mortgage products, we’ll find the loan solution that fits your needs and budget.  

Why Canadians choose CitiFinancial mortgage loans

  1. One-on-one service from a knowledgeable Lending Specialist at your local branch.
  2. Our lowest fixed rates and manageable monthly payments for the life of your loan.
  3. Flexible payment options that work for you.

     

Put your home to work for you with a mortgage loan

APPLY FOR A LOAN 

Protect your loan from the unexpected

These value-add benefits can give you peace of mind should the unforeseen occur.

Job Loss Insurance 

Have your loan payments
covered if you're involuntarily
unemployed.

Disability Insurance

If you experience disability and can't work, your loan payments could be taken care of.*

Life Insurance

Protect your family or estate in the future and have your loan paid off in the event of your death.*

Home and Auto Security Plan

Offering home and family benefits, roadside assistance, legal services and more. LEARN MORE

*Coverage depends on the type of illness, disability or death. Insurance will be paid on covered illnesses/disabilities only. 

TALK TO YOUR LENDING SPECIALIST TO LEARN MORE

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