Nervous? Lock it in!
Fixed rate mortgages are a great product for circumstances where rates may be going up and for conservative borrowers who want certainty.
Learn more about the differences between a fixed-rate mortgage and variable-rate mortgages.
Fixed Rate Mortgages - The Ultimate in Rate Security
People who want to sleep well at night knowing their mortgage rate won’t change over the next 1-10 years.
Did you know?
Fixed rate mortgages are the most popular choice amongst Canadians when they finance a home. Of people who choose a fixed rate mortgage, most Canadians choose a five-year fixed-rate. It's the perfect balance between long-term stability and short-term flexibility.
- Long term stability (a fixed rate) over 1 to 10 year terms
- Set it and forget it
- Very flexible pre-payment privileges - often up to 20% of original principal, increase payment by 20%, and double-up payment.
- Portable from property to property without penalty in most circumstances
- Competitive fixed rates that are not much higher than shorter terms