Closed Mortgage

This type of mortgage remains unchanged during the term you agree to. Prepayment costs will apply if you payout, renegotiate, or refinance before the end […]

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Convertible Mortgage

This is a mortgage that offers the same security as a closed mortgage but can be converted to a longer, closed mortgage at any time […]

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High-Ratio Mortgage

This is what the mortgage is called when you have less than a 20% down payment. This type of mortgage must be insured (through a […]

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Open Mortgage

This type of mortgage may be repaid, in part or in full, at any time during the term without any prepayment costs. Rates are typically […]

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