This mortgage is a great choice for those not ready to commit to a longer term, and who don’t want to worry about rate changes. You can pay off some or all of your mortgage at any time, for no additional cost. That’s why they call it open.

Why Choose an Open Fixed Rate Mortgage?

• Provides stability with a fixed rate and payment for the life of the term
• Available in a 1 year term
• You can switch to another closed mortgage product with no penalty
• Full or partial prepayments on any date without charge