Important Security Notice: Be aware of unauthorized individuals falsely offering Term Deposits/GICs on behalf of Alterna Bank and Alterna Savings. The Financial Services Regulatory Authority (FSRA) has also warned about fraudulent documents. Protect your finances: Learn how
Legal & Regulatory
Mortgage Default Insurance
Mortgage default insurance insures Alterna against a default of payment by homeowners. Alterna requires mortgage default insurance for fully qualified properties and approved applicants when homeowners do not provide at least 20% of the purchase price as a down payment.
Mortgage Default Insurance Brochure
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