Loan Types

Lower-flexibility mortgage structure that often offers better pricing in exchange for break-cost limits.

Low-ratio mortgage with at least 20 percent down and no required default-insurance premium.

Mortgage structure with a rate that stays constant through the term, supporting stable payment planning.

Mortgage with less than 20 percent down, typically requiring default insurance under Canadian rules.

Mortgage backed by default insurance, often because the borrower made a smaller down payment.

Higher-flexibility mortgage that allows easier prepayment or early payout, usually at a higher rate.

Canadian mortgage product terms including fixed, variable, open, closed, insured, and high-ratio borrowing.

Mortgage without borrower-paid default insurance, common on low-ratio deals and many renewals.

Mortgage priced off a floating benchmark, with changing rate exposure through the term.