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The Best 6 Month Fixed Open Mortgage Rates

Are you intending to pay off your mortgage FAST? These are the rates for you.

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Compare Rates from 30+ Canadian Mortgage Brokers & Lenders

Simplii Financial
RBC Royal Bank
TD Canada Trust
BMO Bank of Montreal
True North

Ready to find your best mortgage rate in Canada?

To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.

Why Are These Rates So High?

People with short term open mortgages are paying for short term convenience over long term savings. When you have an open mortgage you may pay as much of the balance as you like without being penalized by your lender.

Spend, Spend, Spend

If you have an open mortgage you should take advantage of your freedom and spend as much as you can reducing the balance. This arrangement is ideal for mortgage shoppers expecting a large windfall of cash. You can always switch to a more reasonable rate when the mortgage term ends.

Don't Forget to Renew

You'd be surprised at how fast six months can go by. Sign up for our mortgage renewal reminder so you'll be ready to renew or find a different rate when the time comes.

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