10-Month Mortgage

A 10 month mortgage means a two month payment holiday.

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.
This option is available for both new and existing mortgages at Tandia. 

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.

It's easy to apply

You can start your mortgage application online, call our Member Solutions Centre at 1.800.598.2891 or visit your branch.

 

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