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Variable rate mortgages1

Take advantage of lower interest rates 

 Stay flexible and pay down your mortgage faster with the possible savings from a floating rate. Take advantage of set payments for the length of the term but with a potentially fluctuating interest rate. As rates decrease, more of your payment goes to paying down principal.As interest rates rise, more of your payment goes to paying interest. Your payment remains unchanged as long as the scheduled payment amount is sufficient to cover your interest costs.  We will advise you when interest costs exceed your scheduled payment.

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1All mortgages are subject to meeting CWB's standard credit criteria for residential mortgages. Some conditions apply.