Variable Rate Closed Mortgage
A great rate and potential savings.
- Best interest rate in BlueShore Financial's suite of mortgage solutions
- Potential to save thousands of dollars in interest costs over the life of the mortgage
- Manage your cash flow with mixed payments
- Pay down option at time of mortgage anniversary
Our Variable Rate Closed Mortgage can save you thousands of dollars in interest costs over the life of your mortgage, since your rate is tied to Prime. When market interest rates fall, so will your mortgage rate. Should they rise, you can sit tight and wait it out, or you can convert it in to a Fixed Rate Closed Mortgage of equal or greater duration at any time after the first-year anniversary date.
This mortgage offers the lower interest rate of any BlueShore Financial mortgage as well as the flexibility of term lengths ranging from 6 months to 5 years.
| Term | 6 months to 5 years |
|---|---|
| Payments |
|
| Rate |
|
| Amortization | Up to 25 years (standard); longer amortizations available - talk to your advisor |
| Financing | Up to 80% of the value of your property; up to 95% if insured by a third party such as CMHC |
Rates
| Variable Rate Closed Mortgage (Rates effective 2020-04-16) | Rates |
|---|---|
| 5-Year Variable Rate Closed Mortgage | Prime +0.15% |