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Mortgage Rates

Prime Mortgage Rate	2.00	%
Open Variable Mortgage Rate	1.89	%
1 Year Closed	2.20	%
2 Year Closed	2.50	%
3 Year Closed	2.60	%
4 Year Closed	4.10	%
5 Year Closed	3.50	%

Mortgage rates are to change without notice, please click bellow for more info.

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Defeasance

A clause in a mortgage that negates an obligation upon the performance of certain acts or conditions within the agreement. The defeasance clause provides that the mortgagor has the right to redeem the property by the payment of the full amount owing. Upon full payment the mortgagor can obtain a release (discharge) from the mortgagee.

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