Ideal if you want to take advantage of potential rate cuts and don’t lose sleep over rate fluctuations. The rate follows the rise and fall of the prime rate.
- 5-year term
- Rate follows the rise and fall of the prime rate
- Lower interest rate than for an open regular variable-rate loan
- Conversion to a fixed-rate loan at any time
- Competitive rates not guaranteed at the time of borrowing
See our mortgage rates