This mortgage offers a variable interest rate that can fluctuate up or down, which would be to your advantage if interest rates decrease. If interest rates rise, the interest rate on your mortgage will increase and your interest costs increase accordingly.
This mortgage is open which means that you can pay off the balance at any time without penalty.
Starting as low as 7.20%
- Variable interest rate
- Mortgage payments may increase if interest rates increase.
- Mortgage balance can be paid off at any time without penalty.
Here’s how you can pay off this mortgage quicker
- Make additional mortgage payments any time without penalty.
- Choose bi-weekly or weekly payments instead of monthly payments.
Contact a Financial Services Advisor.