Variable

A Variable Rate Mortgage allows you to take full advantage of changing interest rates and gives you the flexibility to convert, at any time, to a fixed rate mortgage without penalty.

Features

  • Available on single-family owner occupied housing 
  • 3 and 5 terms available
  • Variable Rate is based on prime
  • Interest Rate Cap limits the potential for rate increases
  • Variable Rate Mortgage Mortgages with Interest Rate Caps are eligible for lower CMHC insurances fees

 

Benefit

Ability to lock in to other terms provides you with ablility to benefit from lower Variable Rate and lock in when interest rates rise.

 

Call our office to discuss your options.

 

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