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Our mortgages

Which type of mortgage should you opt for? An open mortgage Open mortgage: An open mortgage is short-term and can be paid back at any time, in whole or in part, without penalties. Because the interest rate is generally higher than the rate of a closed mortgage for the same term, it's good if you're expecting to repay a significant portion of your mortgage soon.  or a closed mortgage Closed mortgage: A closed mortgage lets you choose a term from 6 months to 10 years, which offers the security of a fixed rate for a longer term. The interest rate is lower than that of an open mortgage. You can make advanced payments. ? At a fixed rate Fixed rate: The fixed rate remains stable until the end of the term. You to know what the credit charges and due date of your loan are right away. It can apply to both open and closed mortgages.  or variable rate Variable rate: The variable rate fluctuates with the Caisse centrale Desjardins prime rate during your mortgage term. This allows you to benefit from possible rate decreases and, consequently, pay back your mortgage sooner. Your payments remain the same, even if the rates fluctuate; only the amortization period (number of years necessary to pay back your loan) varies based on rate fluctuations. ? Among the following profiles, choose the one that best describes you.

 

Borrowing profile	Suggested mortgages
You're looking for optimal rate and payment stability.	Stable rates and payments: Closed Fixed Rate Open Fixed Rate
You prefer stable payments, but you also want to take advantage of low rates to pay off your mortgage faster. You have some tolerance for rate fluctuations.	Variable rates and stable payments: Closed “5-in-1” Yearly Rate Resetter Mortgage Closed Protected Variable-Rate Mortgage
You want to take advantage of low rates to pay off your mortgage faster. You have a high tolerance for interest rate and payment fluctuations.	Variable rates and payments: Closed Reduced-Rate Mortgage Open Regular Variable-Rate Mortgage
You’re looking for an extremely flexible, tailored financing tool to be able to, for example, group all your loans into one or diversify your loans based on your projects. You want to diversify your mortgage.	Home equity line of credit: Versatile Line of Credit

	Online (Members)	Fill out the form
	At the caisse	Make an appointment with a caisse advisor: online by phone
		Documents to bring to your meeting.
	Through a mortgage representative	Documents to bring to your meeting Make an appointment for a house call. Representatives can meet with you at your convenience, 7 days a week: Find a mortgage representative Call 1-877-376-7181

* Quebec: This rate may be variable or that of the first year of a 5-year term. Certain conditions apply. Limited time offer.
Ontario: This rate may be variable or that of the first year of a 5-year term. Certain conditions apply. Limited time offer. The annual percentage rate (APR) is equal to the posted interest rate, assuming that there are no additional charges applicable to the loan. Should there be such charges, the APR might be different.