Products

What is your Risk Tolerance?	What are your Preferences?	Recommended Products and Mortgage Terms
Low	Fixed payments for a set period of time Conservative Budget conscious May not take advantage of prepayment privileges No rate or payment fluctuations Usually a first time homebuyer OR in the first third of your mortgage amortization (i.e. 1-10 years) Have a minimum of 5% downpayment	Long Terms (3 - 10 years) Fixed rates/payments Closed mortgages
Medium	Fixed payments for a set period of time Somewhat conservative Will probably exercise prepayment privileges Prefer a shorter term (i.e. market/ rate awareness) No rate or payment fluctuations Probably in the middle of your mortgage (i.e. 7-15 years) Have some equity in your home (i.e. greater than 15%)	Short Terms ( 1 - 3 years) Fixed rates/payments Closed mortgages
High	High risk tolerance Watch market trends Want flexibility and options, i.e., option to pay down mortgage at any time, without penalty Rate fluctuations Payment fluctuations Know how to capitalize on payment privileges Have equity in your home - greater than 25%	Short, open terms (6 - 12 months) Variable rate mortgages Fully open Products related to Bank Prime

Mortgage Needs