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January 14
I really liked the help that they gave…
I really liked the help that they gave me and the patience that they had with me...
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January 14
very friendly and helpful
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January 14
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Promt customer service
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January 13
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January 11
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January 11
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January 10
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Agent was very kind
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January 10
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January 8
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January 3
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December 23
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December 20
Very knowledgeable and friendly broker
Very knowledgeable and friendly broker
Andrea DeMelo
December 19
Got what I needed at a reasonable cost
Got what I needed at a reasonable cost
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December 19
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December 18
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About variable open mortgage rates.

Get maximum flexibility with a variable open mortgage. Variable open mortgages give you the option of increasing your mortgage payments at any time, without paying a penalty to the lender — you could even pay off your entire loan all at once. You can also lock in a fixed rate if you see interest rates rising in the future.

Variable open mortgages are popular with borrowers who anticipate a near term move: the property can be sold and the loan discharged without any mortgage break fees.

Of course, variable open mortgages have a floating interest rate that changes with the prime lending rate of your bank. Your interest rate will be set at the beginning of each month, but your payments will stay constant. If interest rates decline, more of your monthly payment will be applied to your principal rather than the interest.

Compare the top variable open mortgages here at LowestRates.ca. Select a product from the rate chart above and get started.

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