FOR THE LESS-STRESSED OF THE WORLD
Closed reduced variable-rate mortgage loan
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