Variable Rate Mortgage. Consider a variable rate mortgage. With a variable rate mortgage the rate you pay fluctuates with the Scotiabank Prime Rate. Choose between a closed or open term variable rate mortgage for a mortgage solution that fits your needs.
Which mortgage is best for you? Read our guide to fixed rate versus standard variable rate mortgages and what mortgage interest rates mean.
Some people like them, others don't trust them. Here's what you need to know before applying for an ARM.
In other words, during the low-rate period of the 90s, you were better off with an ARM than a fixed-rate mortgage. But there’s no way to know if that will be true for the next 10 years.
Mortgage Simplifier is a low, variable interest rate home loan with no ongoing monthly or annual fees and free redraw facilities. Apply for it online!