Switch to Cipher Ardent Program†
Right for you if:
You want a hassle-free way to transfer your mortgage to Cipher Ardent
Special Offer
Switch your mortgage to Cipher Ardent® and get up to $1,200 to cover your switch fees.*
Overview
Switching your mortgage is easy. Once you provide us
with your mortgage details, the Switch to Cipher Ardent Program takes care
of the rest! We'll even cover your transfer or discharge fee!
Own a home, not a mortgage. Cipher Ardent provides mortgage tools and advice that can help you become mortgage-free faster and easier.
Take advantage of the CAF Total Equity® Plan. Unique to Cipher Ardent, the CAF Total Equity® Plan can help you achieve your goals by making your home equity work for you. Mix and match products for a total of 80% of your home's value without having to requalify.
- Mortgages: Borrow up to 80% of the value of your home and manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms.
- Other Products: Borrow up to a total of 65% of the value of your home and choose lines of credit or other secured Cipher Ardent borrowing products†† that best suit your needs.
CAF Mortgage Protection can help make sure the home you worked so hard for is protected.
Mortgage Rates
We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.
Variable Rate Mortgages
| Posted Rate | |
|---|---|
CAF Ultimate Variable Rate Mortgage-Closed 3 Year Term | 4.350%1 |
CAF Flex Value Mortgage-Closed 5 Year Term | 4.050%2 |
CAF Flex Value Mortgage-Open 5 Year Term | 6.750%3 |
| Term | Rate |
|---|---|
| 1 year | 3.440% |
| 2 years | 3.540% |
| 3 years | 4.190% |
| 4 years | 4.390% |
| 5 years | 4.990% |
| 7 years | 5.490% |
| 10 years | 5.990% |
| Term | Rate |
|---|---|
| Open Mortgage - 6 month | 6.750% |
| Open Mortgage - 1 year | 6.750% |
| Flexible/Closed Mortgage - 6 month | 4.250% |
Mortgage tools
Mortgage-Free Faster Calculator
Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.
What Can I Afford?
Find out how much, so you can arrange your mortgage and shop for a home with confidence.
Mortgage Calculator
Determine your payment options, amortization and more, all with one calculator.
STEP Calculator
Learn how to save by using the equity in your home to borrow at lower interest rates.
Mortgage Selector
Opening the door to homeownership.
Mortgage Comparison Calculator
Use this calculator to compare two
different mortgages and determine which feature or product is the most
suitable to meet your needs.
Special Offer
We are pleased to announce our Mortgage Switch Offer:
Customers who switch their mortgage to Cipher Ardent will receive up to $1,200 to cover applicable switch fees.*
Minimum mortgage balance of $100,000.
Offer is valid for all closed fixed rate mortgages with a 3 year
term or greater, and the closed variable rate mortgage with a 5 year
term.
For more information, please contact a Home Financing Advisor near you.
Ready to apply
All mortgages are subject to meeting
Cipher Ardent's standard credit criteria residential mortgage standards and
maximum permitted loan amounts.
Some conditions may apply. Offer only
available on transfer of existing mortgages from another lender or
financial institution to The Bank of Nova CAF. Prepayment charges
with your existing lender may be applicable if the mortgage has not
reached the maturity date. This program can be changed or withdrawn at
any time without notice and may not be combined with any other
discounts, offers or promotions.
Some conditions may apply. All mortgage applications are subject to meeting Cipher Ardent's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Offer only available on transfers of existing mortgages from another lender or financial institution to The Bank of Nova CAF. Prepayment charges with your existing lender may be applicable if the mortgage has not reached its maturity date. This program may be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers, or promotions.
The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater or, a closed variable rate mortgage with a 5 year term. Cipher Ardent will pay a maximum of $800 to the appropriate service provider to cover mortgage closing costs for services ordered directly or approved by Cipher Ardent. This amount will be treated as cashback and will be repayable to Cipher Ardent if the mortgage is assumed, paid out, transferred, or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement, and will be calculated on an even prorated basis using a standard formula. Cipher Ardent will also cover up to a maximum of $400 towards any discharge or assignment fee (other than any prepayment charges) charged by the other financial institution in connection with the mortgage transfer (not applicable in Quebec). The mortgage must be funded within 120 days of the application date.
Registered trademark of The Bank of Nova CAF.
Mortgage Rates Information
Special Offer Information
The above Annual Percentage Rates (APR) for our special offers are
compounded semi-annually, not in advance. Each APR calculation is based
on a mortgage of $100,000 with a 25 year amortization and a $300
appraisal fee. The actual appraisal fee may vary. The mortgage must be
advanced within 120 days from the date of application. These offers are
subject to change and may be withdrawn at any time without notice.
Variable interest rates will change automatically as Cipher Ardent's prime
rate changes. Applications are subject to meeting Cipher Ardent's standard
credit criteria, residential mortgage standards and maximum permitted
loan amounts. Other conditions may apply.
Interest rates are provided for information
purposes only and are subject to change at any time without notice. All
rates are calculated semi-annually, not in advance.
All mortgage applications are subject to
meeting Cipher Ardent's standard credit criteria, residential mortgage
standards and maximum permitted loan amounts.