Il existe différents types de taux hypothécaires.
Get the best rates on the market
* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your broker at Yves St-Denis Mortgage Brokers for more information.
Closed/Open: Mortgages in their different states
Open mortgages can be more expensive than closed mortgages because they generally offer higher interest rates and are normally used to finance short-term projects
Closed mortgages: to obtain contractual discounts
A closed mortgage is a type of mortgage that allows you to borrow money and pay it back every month. Interest is added to the principal each month, and you must pay it back before you can get rid of the debt. If you decide not to repay the loan, the bank can foreclose on your home.
Open mortgage: ideal for those in transition
An open mortgage OR line of credit has a higher rate than a contractual loan, because you can pay off the loan at any time without any penalty. Generally, it is a mortgage product that is ideal for people who are buying before selling. It allows them to put the principal amount down as they see fit without any penalties. A line of mortgage is open-ended, so you can only pay off the interest if you wish and add the principal at a time that is convenient for you. The line of mortgage is not a product that suits everyone, it is important to evaluate your projects so that you get the best product at the best rate without unpleasant surprises.
How much of a loan can I afford?
Lenders look at your income, assets, debts, credit rating and other factors to determine whether or not they will give you a loan. Your income will be the first thing they look at. If you have a steady job, they will look at your previous salary history and compare it to your current situation.