Get a flexible mortgage term with the ability to repay your mortgage, in part or in full, at any time without penalty.

Ideal if you plan to pay off your mortgage early or sell your home soon. Your interest rate will typically be higher with an open mortgage. 

Get a locked-in interest rate.

Ideal if you want peace of mind that your mortgage rate and payments won’t increase should interest rates rise.

Get a locked-in mortgage term with the ability to repay up to 20% of your original mortgage amount each year without penalty.

Ideal if you plan to put down roots in your current home and want the stability of consistent mortgage payments.   

Get an interest rate that changes with the market.

Ideal if you want to save money if interest rates drop. Your interest rate will typically be lower on a variable mortgage.