Fixed-Rate Open

Fixed and Flexible

  • Security of knowing your interest rate won’t rise over the term
  • Pay off any or all of the mortgage without penalty
  • Weekly, bi-weekly, semi-monthly or monthly payments


If you want the security of a fixed rate and the flexibility to pay off any or all of the mortgage without penalty, a Fixed-Rate Open mortgage will suit your needs.

Financing Available:

  • Conventional1
  • High-ratio2


Fixed-Rate Open Rates
6 month 6.30%
1 year 6.30%

Additional Information

  • Valid fire insurance and assignment is required for the secured property
  • Property tax accounting service is offered at no cost4
  • Cost of credit and any fees will be disclosed at time of approval
  • Optional life, disability, loss of employment (GMP rider) and critical illness (GMP rider) insurance is available5

Payment Information

  • Make payments weekly, bi-weekly, semi-monthly or monthly
  • Accelerated payments may be weekly or bi-weekly3
  • Payment amount can be increased at any time or balance paid in full without penalty

The information provided is general in nature only. For complete details contact a Conexus Credit Union lending expert.

  1. Loan is for no more than 80% of the appraised value or purchase price (whichever is less). Down payment comes from your own financial resources. Amortization is maximum 25 years.
  2. Down payment amount is less than 20% of the purchase price (minimum of 5%). Must be insured by CMHC or Genworth (incurs a fee from issuer). Insurance fees can be paid up front or added to the loan. Amortization maximum is 25 years.
  3. Can be adjusted on open term as no penalty applies.
  4. Collection of property tax payments along with principal and interest payments may be a condition of mortgage approval.
  5. GMP (Group Mortgage Protection) is purchased separately through CUMIS.