Your option. after an increase, to lower the instalment. After an increase under your option to increase the instalment, at any time during the term of the loan, you can ask us to lower the instalment. We don't have to lower the instalment if that would make the remaining actual amortization period after the change longer than the remaining contractual amortization period for the mortgage when you and we enter into the agreement to make the change.
Appears in 4 contracts
Samples: Mortgage Nova Scotia, Newfoundland and Labrador, www.bmo.com