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What Is A Closed Term Mortgage

Mortgage Basics: Open or Closed MortgagesA fixed-rate mortgage (FRM), often referred to as a "vanilla wafer" mortgage loan, is a fully amortizing mortgage loan where the interest rate on the note remains the …

Purchasing a home in Canada can be a complicated process, but it doesn’t have to be. Mortgage Calculator Canada recognizes and understands the difficulties …

Our Fixed Rate Mortgages Fixed Rate Mortgage. Get security and peace of mind, knowing your interest rate won’t increase over the term you select.

DEFINITION of ‘Closed-End Mortgage’ A restrictive type of mortgage that cannot be prepaid, renegotiated or refinanced without paying breakage costs to the lender.

Closed term mortgages provide you with the security of long-term fixed rates and payments. Choose from a variety of terms and flexible payment options.

A variable rate closed term mortgage providing value and flexibility. Convert to a fixed term product anytime and enjoy pre-payment options without penalty.

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