Loan Types

What a closed mortgage means in Canada and why the lower rate often comes with meaningful break-cost limits.

What a conventional mortgage means in Canada and how it differs from high-ratio insured borrowing.

A Canada-first explanation of fixed-rate mortgages and how payment stability, renewal risk, and break costs work.

What a high-ratio mortgage means in Canada and why a down payment below 20 percent changes the insurance and qualification conversation.

What an insured mortgage means in Canada and how it differs from high-ratio mortgage language.

Canada-first explanations of mortgage product language such as fixed, variable, open, closed, high-ratio, and insured mortgages.

What an open mortgage means in Canada and why flexibility usually comes with a higher rate.

What an uninsured mortgage means in Canada and why it matters for qualification, product structure, and renewal switches.

A Canada-first explanation of variable-rate mortgages, including payment design, prime-linked pricing, and trigger risk.