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We know that strong financial literacy is key to making informed decisions about money.
We know that strong financial literacy is key to making informed decisions about money.
This limited-time convertible mortgage is available for new FirstOntario mortgages on a primary residence and is designed to provide stability when you need it most. With a 2.99%* fixed rate for six months, you can count on predictable payments right away and take the time you need to reassess your longer-term plans.
If you choose not to renew with FirstOntario at the end of your term, a 0.50% mortgage fee will apply. We will walk you through this in advance so you can plan ahead. We’re always here to help you navigate your renewal with confidence and ease.
2.99%* fixed rate for six months. Available for new FirstOntario mortgages on a primary residence.
Closed term with simple conditions. You can also elect to move into a longer fixed or variable closed term at any time without penalty.
Multiple renewal options after your term ends. A 0.50% mortgage fee applies if you choose not to renew with FirstOntario.
Guidance from our representatives throughout your renewal process.
A short‑term fixed mortgage can be a practical choice when interest rates are shifting or when you expect your financial situation to change. It locks in your payments for a defined period, which can help with budget planning and reduce uncertainty.
Making informed choices today can help you build confidence in your long‑term financial plan.
When your six‑month term finishes, you will have the opportunity to renew into any FirstOntario mortgage rate and term. Our team will be here to review your options, answer questions and help you choose the path that fits your longer‑term plans.
This mortgage is a convertible term, which means you can switch into any available FirstOntario fixed or variable closed term at any time without penalty. If rates drop, you have flexibility to take advantage of the change before your six month term ends.
Yes. At renewal, you can move into any FirstOntario mortgage rate and term. This flexibility allows you to adjust your strategy based on how the market has changed or what makes the most sense for your financial goals.
This offer is for new mortgages only. Your mortgage must be new to FirstOntario and arranged through our branches or Member Solutions Team.
This offer cannot be blended with an existing mortgage because it is for new mortgages only . However, once you are in the six month term, a blend and extend option may be available depending on your plans.
The offer is only available for mortgages that are entirely new to FirstOntario. If your mortgage contains a mix of existing and new funds, it does not qualify for the six month promotional rate.
If you decide not to renew with FirstOntario at the end of the six‑month term, a 0.50% mortgage fee will apply.
Both the standard mortgage prepayment penalty and the 0.50% non-renewal fee will apply if the mortgage is discharged before the term ends.
To help you prepare, we recommend reviewing our Mortgage Checklist. It outlines the documents typically required for a new mortgage application so you know what to expect. View the checklist.
Visit a FirstOntario branch near you or book an online appointment with our Member Solutions Team to review your options and secure your 6-month fixed mortgage. This limited time offer will not last.
*OAC. Offer available for new FirstOntario mortgages on a primary residence. At the end of the 6‑month term, the mortgage must be renewed into any standard FirstOntario rate and term. If you choose not to renew with FirstOntario, a 0.50% mortgage fee will apply. Rates and offer are subject to change without notice.
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