Surrey-based Coast Capital Savings unveiled a new mortgage product Tuesday that blends features of fixed and variable rates and includes what is said to be the country's highest level of extra payments.
The centrepiece of the mortgage is a rate priced at the mid-point between current variable and fixed rates.
"It will start lower than a fixed rate and won't rise or fall as fast as a regular variable rate, changing only by half as much as the prime rate," the credit union said.
© Copyright (c) The Province