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What is a capped variable rate?
By opting for a capped variable rate when you take out your mortgage, you can protect yourself against rate increases. The rate will fluctuate depending on the market, but will never exceed a threshold established when you take out a mortgage.
Check out the current mortgage rates and talk to your mortgage advisor, who will help you choose the best option.
Related questions
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What’s a mortgage term? Learn more about mortgage terms; the period that your mortgage contract is in effect at the agreed-upon interest rate. -
What term length should I choose for my mortgage? Choose the term length for your mortgage based on your goals and risk tolerance. -
What mortgage rates are offered by National Bank? Discover our current mortgage rates for your home purchase or mortgage renewal. Choose a customized rate for more flexibility. -
What is a variable rate mortgage? A variable rate mortgage can change as the market fluctuates. Your payments can either go up or down depending on the rate. -
What is a fixed rate mortgage? Discover the key features of a fixed rate and see how it can protect you from interest rate increases when the market fluctuates.
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