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Both the Variable Closed and the Variable Open have a variable rate that can fluctuate up or down throughout the life of the mortgage.
The Cambrian Variable Closed mortgage has a 5-year term, and typically has a lower interest rate than the Variable Open Mortgage. If this mortgage is paid out prior to maturity, 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.
Check out our current mortgage rates or book a meeting with an advisor to review which mortgage option is best for you.
