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BestMO Variable to Fixed Switching: Best 5-Year Variable Mortgage Rates In Canada - Conversion Options and Penalty Considerations
Best 5-Year Variable Mortgage Rates In Canada allows switching from a variable to a 5-year fixed mortgage, where most lenders permit conversion within the term without penalty. However, some conditions may apply, and exploring fixed rates if the variable rate becomes unaffordable, requiring a switch to an optimal rate to manage mortgage costs and maintain mortgage flexibility.
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