Types of Mortgage Terms

Mortgage Terms
Term	Characteristics	Duration	Your Best Option If….
Closed	The most popular Interest rate guaranteed for a fixed period	6 months to 10 years	…you suspect that interest rates will be going up …you're not planning to sell your home in the near future …you're looking for financial stability (fixed rate, payments and period)
Open	Possibility of repaying loan in part or in whole at any time without being penalized	6 months to 1 year	…you suspect that interest rates will be dropping …you're planning to sell your home soon

Our Closed Mortgages

Our Open Mortgage

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