Learning for Life Scholarship
Apply today for the Learning for Life Scholarship! Deadline to apply is May 31.
Apply here.

Asked Questions

No items found.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

What is the difference between a Variable Open Mortgage and a Variable Closed Mortgage?

The Cambrian Variable Closed Mortgage typically has a lower interest rate than the Variable Open Mortgage.

The Cambrian Variable Closed Mortgage has a 5-year term and can be paid out prior to maturity, however a 3-month interest penalty will apply.  

The Cambrian Variable Open Mortgage has no specific term and can be paid out at any time without penalty.

Both the Variable Closed and the Variable Open have a variable rate that can fluctuate up or down throughout the life of the mortgage.