Mortgage Options – Ottawa Mortgage Services

Part of our job at Mortgage Forces is to inform our clients about the current market and mortgage options that area available. Below is a brief description of some of the different types of mortgages we offer:

Fixed Rate

This mortgage has a locked-in interest rate that will not increase for the term of the mortgage. Your payments are outlined at the start of the mortgage and will not change.

Variable Rate

This mortgage has interest rates that fluctuate based on market conditions but the mortgage payment remains unchanged. As interest rates go down, you pay more against the principal of the loan. As rates go up, your principal payments decrease.


Hybrid or 50/50 mortgages are part fixed and part variable. No one can predict interest rates and this option may appeal to you because it offers diversification, which reduces risk.

Open Mortgage

This is a flexible mortgage that allows you to pay part of the principal off before the end of the mortgage term.

Closed Mortgage

In some cases, the lender may allow for partial prepayment in the form of an increased mortgage payment or a lump sum prepayment. In other cases, a closed mortgage cannot be paid off, in whole or in part, before the end of its term.

Each mortgage has different opportunities and restrictions. We will work together to assist you in selecting a mortgage that best meets your unique needs and requirements.

For more information on how you can get started, please contact us or to get started right away apply online.