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What’s The Difference Between An Open Mortgage And A Closed Mortgage?

What’s The Difference Between An Open Mortgage And A Closed Mortgage?

November 15, 2008January 12, 2021 admin 0 Comments adjustable-rate mortgage, allowance, better rate, canadian, canadian financial market, closed mortgage, closed mortgages, debt, financing, income, interest rate, lenders, money, mortgage, mortgage broker, mortgage consultant, mortgage loan, open mortgage, open mortgages, payments, pre-payment, prepay, principal amount, refinance, renew, self-employed

You may have heard about open mortgages or closed mortgages, and are wondering what’s the difference between both. An open