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Our mortgages

Which type of mortgage should you opt for? An open mortgage or a closed mortgage? At a fixed rate or variable rate?

Borrowing profile Suggested mortgages
You're looking for an optimal rate and payment stability.

Fixed rates and payments:

  • Closed Fixed Rate
  • Open Fixed Rate

You prefer fixed 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 fixed 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 (hybrid mortgage).

Home equity line of credit:

  Type of mortgage
Features With a closed fixed rate With an open fixed rate
Interest rate

Stable until the end of the term.
See current rates

Stable until the end of the term.
See current rates

Financing 80%1 (95% if purchasing) 80%1 (95% if purchasing)
Terms 6 months, 1 to 5, 7 and 10 years 6 months, 1 year
Rate guaranteed at time of loan2? Yes, for 90 days (in general) Yes, for 90 days (in general)
Repayment possible without penalty? Yes, up to 15% of original loan amount annually Yes, at anytime, in whole or in part
Eligible for member dividends? Yes, when the caisse pays out members dividends Yes, when the caisse pays out members dividends
Distinctive features
  • Most popular loan
  • Interest rate lower than that of an open fixed-rate mortgage

Useful if:

  • your property is for sale
  • you're waiting for an inflow of funds in the short term and will use these funds to make payments on your loan

See the Desjardins mortgage comparison chart (PDF, 146 KB).

Simplify your negotiations and guarantee your interest rate

Before you even start looking for a property, determine how much you can borrow with a Preauthorized Mortgage.

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).

  Type of mortgage
Features Closed "5-in-1" Yearly Rate Resetter Mortgage Closed Protected Variable Rate Mortgage
Interest rate

Revised annually. Rebate guaranteed for the entire term.
See current rates

Rate fluctuates without exceeding a certain limit.
See current rates

Financing 80%5 (95% if purchasing) 80%5 (95% if purchasing)
Terms 5 years 5 years
Rate guaranteed at time of loan6? Yes, for 90 days (in general) No
Repayment possible without penalty? Yes, up to 15% of original loan amount annually Yes, up to 15% of original principal amount
Conversion to a fixed rate? Yes No
Eligible for member dividends? Yes, when the caisse pays out members dividends Yes, when the caisse pays out members dividends
Distinctive features One of the best fixed rates on the market You benefit from rate decreases, while being protected from major rate increases

See the Desjardins mortgage comparison chart (PDF, 146 KB).

Simplify your negotiations and guarantee your interest rate

Before you even start looking for a property, determine how much you can borrow with a Preauthorized Mortgage.

5. % of the smaller of the amounts of market value or property purchase. This percentage varies for second homes that are not accessible year-round.

6. Rate in effect on application date or upon signing mortgage with notary (with lawyer in Ontario).

  Type of mortgage
Features Closed Reduced Variable-Rate Mortgage Open Regular Variable-Rate Mortgage
Interest rate

Follows the upward and downward fluctuations of the prime rate.
See current rates

Follows the upward and downward fluctuations of the prime rate.
See current rates

Financing 80%7 (95% if purchasing) 80%7 (95% if purchasing)
Terms 5 years 1 and 2 years
Rate guaranteed at time of loan8? No No
Repayment possible without penalty? Yes, up to 15% of original loan amount annually Yes, at anytime, in whole or in part
Conversion to a fixed rate? Yes, at anytime Yes, at anytime
Eligible for member dividends? Yes, when the caisse pays out members dividends Yes, when the caisse pays out members dividends
Distinctive features Interest rates are usually lower than fixed rates Interest rates are usually lower than fixed rates

See the Desjardins mortgage comparison chart (PDF, 146 KB).

Simplify your negotiations and guarantee your interest rate

Before you even start looking for a property, determine how much you can borrow with a Preauthorized Mortgage.

7. % of the smaller of the amounts of market value or property purchase. This percentage varies for second homes that are not accessible year-round.

8. Rate in effect on application date or upon signing mortgage with notary (with lawyer in Ontario).

Did you know?
Loan Insurance offers protection that ensures reimbursement of the loan in the event of disability or death.
Protect yourself from interest rate hikes with the Homeowner's Protection.

Mortgages are eligible for the Green Homes Program, which rewards green building and renovating with a comprehensive offer that includes cashback, rebates, great rates, tips and many other advantages.

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