As its name says, the fixed rate mortgage is a mortgage with a fixed interest rate. It does not move, remaining the same throughout the term of the financing. Let’s say your term is 5 years, you will be paying the same monthly amount for your mortgage for 5 years! Ideal for those who like stability!

Whether you already own a property or are looking for your dream home or condo, you are going to need a mortgage at some point! It can be intimidating, we know.