Homeowner's Protection

Available only in Quebec

Clause that allows you to request a mortgage renewal and a payment adjustment when the payments are higher than the ones made during the preceding term¹.

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

Features

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

An example

The rate of your loan is currently 7%. When you renew, the rate in effect for the term of your choice is 10%, for a 3% difference. If the inflation rate is only 2%, you can ask that your payments increase only by 2%! The difference is capitalized and your mortgage payments are spread out.

	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone

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