Which loan should I choose? Find the mortgage loan that best suits your borrowing profile.
Closed Fixed-Rate Mortgage Loan |
The interest rate stays the same until the end of the term and is lower than the open fixed-rate loan. It's the most popular loan.
|
Open Fixed-Rate Mortgage Loan |
The interest rate remains stable until the end of the term, but allows you to pay back the loan without penalties. Perfect if your property is currently for sale or if you are waiting for an
inflow of funds in the short term and are able to make payments on your mortgage loan.
|
"5-in-1" Yearly Fixed-Rate Resetter Mortgage Loan (closed) |
You benefit from one of the best fixed rates on the market. Established for a five-year term, the rate is revised annually. Enjoy a rebate guaranteed for the entire term.
|
Closed Protected Variable-Rate Mortgage Loan |
Because this rate fluctuates without exceeding a certain limit, you benefit from rate decreases, while being protected from major rate increases throughout the duration of the term.
|
Closed Reduced Variable-Rate Mortgage |
|
Open Regular Variable-Rate Mortgage |
Guarantees an attractive interest rate because it fluctuates with the prime rate.
|
Versatile Line of Credit |
Ideal to renovate your house, buy a new property, a cottage, car, boat or an RV, invest or meet unexpected expenses. Allows current and future owners to make their dreams a reality.
|
The Desjardins mortgage comparison chart can be viewed in PDF format (108 KB) and printed.
What do closed or open loan and fixed or variable rate mean?
(Members) |
||
(Members and non-members) |
||
Documents to bring to your meeting |
||
(Members and non-members) |
Make an appointment for a house call3. Find the mortgage representative in your area or call 1-877-376-7181 (option 4). |
|
1. % of the smaller of the amounts of market value or property purchase. This percentage varies for second homes that are not accessible year-round.
2. Rate in effect on application date or upon signing mortgage with notary (with lawyer in Ontario).
3. In Quebec only.
Term |
Rate |
|---|---|
"5-in-1" Yearly Fixed-Rate Resetter Mortgage Loan |
5.30% |
5 years (Closed fixed) |
6.95% |
Reduced variable rate |
5.00% |
Money working for people
Copyright © 1996-2008, Fédération des caisses Desjardins du Québec. All rights reserved.