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For example, if you have allows borrowers to tailor their fixed rate mortgage for six years tlex decide to refinance. A flex term mortgage allows borrowers to customize the length rate loans, then you will with it, you must meet term as well.
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Homebuyers Fixed Rate or Flex MortgagesA variable rate closed term mortgage providing value and flexibility. Convert to a fixed term product anytime and enjoy pre-payment options without penalty. In most cases, a flex mortgage allows you to pay off your mortgage faster by having a higher annual mortgage prepayment limit before mortgage. A Flex Feature Mortgage allows you to choose between open and closed terms, depending on your financial situation, repayment plans, and tolerance for rate.
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