Tandia offers a full range of mortgage payment options including weekly, bi-weekly, semi-monthly and monthly. In addition, mortgage payments can be structured to be made 10 months per year, September through June. Payments will be set 20% higher, permitting payment holidays for the months of July and August. Interest accrues for the months of July and August and is payable after this period.
How it works
- Mortgage payments can be structured to be made 10 months per year, September to June
- Mortgage payments will be set 20% higher (regular monthly payment x 1.2 = 10 month payment)
- Enjoy the summer months and some extra cash flow, mortgage-payment-free!
Convert your existing mortgage
To inquire about converting your existing regular mortgage payment to 10 monthly payments, please contact our Member Solutions Centre at 1.800.598.2891 or visit your branch.