Perfect if your property is currently for sale or if you are waiting for a significant cash inflow in the short term that you will apply to the loan. The open rate mortgage also offers you great stability in rates and payments.
- Interest rate remains stable until the end of the term
- Higher interest rate than closed fixed rate loan due to its high flexibility
- Six-month and one-year terms
- Rate guaranteed 90 days at time of loan1(in general)
- Repayment possible at any time, in full or in part, without penalty
See our mortgage rates
1. Rate in effect on application date or upon signing mortgage with lawyer.