Sentences with phrase «variable open mortgage»

(That means you can have: a fixed closed mortgage, a variable closed mortgage, a fixed open mortgage, and a variable open mortgage.)

Brad, It doesn't sound like you are going to be affected to much by changing interest rates so why not just go for a variable open mortgage and then you can pay what ever you want on it.

Not exact matches

If you plan on selling in the near future or want the flexibility of paying off the entire mortgage without penalty, an open, variable rate mortgage might make more sense.

RBC open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.

One could have a Fixed Closed or Fixed Open mortgage and the same applies to variable — one could have either an open or closed tOpen mortgage and the same applies to variable — one could have either an open or closed topen or closed term.

The line should also state whether you've agreed to a fixed, variable or open mortgage..

Banks usually provide around 5 - 6 products and rates, which include Fix rates, New to Canada, Open mortgages, Closed mortgages, Variable Rate mortgages, and No Income mortgages.

At a bank, there are maybe 5 or 6 different products and rates, such as variable rate mortgages, open mortgages, closed mortgages, fixed rates, new to Canada programs, No income mortgages and much more.

Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.

You can also explore having the investment portion in the open variable mortgage — see my post elsewhere on this.

It would be cheaper to get a readvancable mortgage with an open variable installment portion like what BMO offers.

i have open variable mortgage now.

Looking for guidance on fixed versus variable rates, open versus closed mortgages, and more?

At given term, a mortgage could be either fixed rate or variable rate, open (pay down principal at will) or closed (limited pre-payment options).