Variable Rate Open Mortgages
A Variable rate open mortgage, is offered at the bank's
prime rate.
It is fully open, giving you the flexibility to pay
down your mortgage at any time without penalties.
Your payment is fixed, and the rate guaranteed to match
the bank's prime rate, and payments are adjusted
monthly. If prime goes down, more of your monthly
payment will go towards reducing your principle, and
less towards the interest.
This product is ideal if you are anticipating a large
sum of money from an inheritance, a maturing investment,
or you simply want comfort in knowing you can make lump
sum payments at anytime without restriction.
This product is only available for a 5 year term.
You can select this mortgage for a new purchase or to
refinance your existing one.
You can select to have your variable open mortgage
amortized up to 40 years.
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The first step is to allow us to get you
pre approved.
If you have already made an
offer on a property, then you are
ready to apply for a
mortgage on line.
You may also apply by fax. Download a a printable application, or you may call us at
1-877-307-6800 and talk to one of our mortgage
expert.
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See how we can help you, if you are:
 Buying your first home
We understand how important it is for you to own your
very first home. At Verico LendingDirect, we are
available to answer all of your questions from your down
payment, qualifying for your mortgage, and getting a pre
approved mortgage certificate.
 Choosing a Mortgage
When it comes to choosing which product and features
best suits your need, we are at the forefront of
valuable information and advice. As a
broker, we carry a full portfolio of Bank Mortgage
products from many of the large banks and mortgage
companies. We make it easy for you to cross shop
mortgage products under one roof. Check our
mortgage products
 Already a homeowner
If you own your home already, we can help you to
transfer your mortgage, refinance your
mortgage to lower your rate, or consolidate
your mortgage payments along with all your other
consumer debt.
If you wish to transfer your mortgage see our transfer
in pages.
To refinance and lower your borrowing costs follow this
link.
If you wish to consolidate and lower your overall
monthly debt payments go here.
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Lowest
ra
Your
can count on us