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© 2025 – All rights reserved. • Paragon Pragmatic Lending • 1915 Foxtail Terrace Kelowna BC V1P 1T9 • BCFSA Brokerage License X301089
Information is general and not legal, tax, or investment advice. Strategies like the Smith Manoeuvre (Maneuver) and cash/rental damming involve risk—consult a qualified tax professional.
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Fixed-rate mortgages

Predictable payments with transparent prepayment options and lock-in periods.

Why fixed still matters

Fixed-rate terms lock your payment and interest rate for the entire period. We show you the trade-offs between 1- through 10-year terms, including penalties, portability, and prepayment privileges, so you can pick the right balance of stability and flexibility.

Typical use cases

  • Families who need predictable cash flow.
  • Borrowers planning a renewal or sale after the term (with portability when needed).
  • First-time buyers who want time to learn before considering variable exposure.

Pros

  • Certainty on payments for the term.
  • Rate hold options to protect against market spikes.
  • Compatibility with accelerated prepayment strategies in most lender menus.

Considerations

  • Breaking early may trigger an Interest Rate Differential (IRD) penalty.
  • Limited ability to benefit from falling rates without refinancing.

Representative rates

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