Fixed Rate Mortgage:
Bridge over the Paris Dam - Paris - Angela House
Fixed Rate Mortgage
A fixed rate mortgage carries a set interest rate for a specific period of time; payment of the principal and interest remains the same throughout the term, protecting you from rising interest rates.
- Conventional first and second mortgages up to 80% Loans to Value (LTV).
- High ratio first mortgage for a new purchase, up to 95% LTV by CMHC or Genworth Financial
- High ratio refinance mortgage up to 85% LTV by CMHC or Genworth Financial
- Terms: 1 to 5, or 7 years
Fixed Rate Open Mortgage
The interest rate is fixed for a one-year term but is fully open to prepay any amount during that term.
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