Calgary Mortgages

This type of mortgage is often associated with fixed rate mortgages.

Closed term mortgages allow you to save on interest costs and even pay off your mortgage faster. However, you will have to pay prepayment penalties if you wish to re-negotiate your interest rate, if you prepay more than your mortgage allows, or if you pay off your mortgage balance prior to your terms end date.

It is always a good idea to financially protect yourself and your loved ones BEFORE a loss takes place.

Depending on your current situation, you can obtain creditors insurance through lump-sum, or monthly payments.