Closed Fixed Rate

This mortgage is a great choice for short-term budgeters who don’t want to worry about rate changes.

Why Choose a Closed Fixed Rate Mortgage?

  • Provides stability with a fixed rate and payments for the life of the term
  • Lower rates than an open mortgage
  • You can still pay more towards your mortgage (up to 15% of the principal) each year
  • Rapid paydown. Payments can be increased by up to 100% over the term without charges
 

 

 

Fixed Rate Mortgages (Rates effective 2018-10-26)
1 year 3.29%
2 years 3.39%
3 years 3.59%
4 years 4.29%
5 years 5.29%