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V · 11-20-2007, 08:03 PM

I have an open mortgage with a fixed rate at 5.5% signed for 5 years in August. With a 7% kickback on all interest paid at the end of the year. And I can pull as much out, or put as much in as I feel like at any time. Works for me. After using it, I've found that it's not quite as flexible as the ManulifeOne, unfortunately, but the interest rate is better, especially with the kickback going directly into the mortgage, essentially making my rate 5.09%.

11-20-2007, 08:03 PM	#27
V Franchise Player Join Date: Feb 2005 Exp:	I have an open mortgage with a fixed rate at 5.5% signed for 5 years in August. With a 7% kickback on all interest paid at the end of the year. And I can pull as much out, or put as much in as I feel like at any time. Works for me. After using it, I've found that it's not quite as flexible as the ManulifeOne, unfortunately, but the interest rate is better, especially with the kickback going directly into the mortgage, essentially making my rate 5.09%.