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Homeowner's Protection

Available only in Quebec

Clause that allows you to request a payment adjustment if, when you renew your mortgage, payments are higher than the ones you were making during the preceding term¹.

Adjusted payments may be equal to the previous payments. If they are higher, the increase will be limited to the rate of inflation.

Features

• Exclusive to Desjardins.
• Available to members when they renew their Desjardins mortgage loan.
• Protects you against major interest rate fluctuations.

An example

Let's say your mortgage is currently at 7%. When you renew, the rate in effect for the term of your choice is 10%, or 3% higher. If the inflation rate is only 2%, you can ask that your payments increase only by 2%! The difference is capitalized and spread out over the life of your mortgage.

	At the caisse	Make an appointment with a caisse advisor: online by phone
	By phone	Montreal area: 514-CAISSES (514-224-7737) Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)

1. In the case of a CMHC insured mortgage, this coverage may have a higher premium.