Loans are available from 1-25 year amortizations with interest rates set at 3, 5, or 10 year terms.
The Term Mortgage can be accessed with 3 term rate options. You can access term interest rates of 3, 5, and 10 years. These shorter terms of fixed-rate financing provide a lower interest rate benefit during the term than a Fixed Mortgage. At the end of the term, the current interest rates are applied for either another term or for the remaining amortization period. Some conditions must be met to qualify for the term rate options.
This product comes with significant flexibility, tailored to fit the individual cash flow of the forestry business. Repayment can be weekly, biweekly, monthly, semi-annual, or annual.