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Convertible Mortgage

A short-term mortgage (usually 6 months or 1 year) that can be converted to a longer fixed-rate term at any time without penalty. Useful when you expect rates to drop and want to lock in later, or whe

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A short-term mortgage (usually 6 months or 1 year) that can be converted to a longer fixed-rate term at any time without penalty. Useful when you expect rates to drop and want to lock in later, or when you need short-term flexibility before committing to a longer term.

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