It’s important to take a look at the options that are available for any mortgage, as they will affect the overall cost of your mortgage.
For instance, more often then not a lender will increase the rate for a fully open mortgage, or financing your property above 80% (high ratio), will require an insurance premium to be paid.
Look at the following links to review the costs and benefits of these options.

• Open vs. Closed Mortgage
• Variable vs. Fixed Rate Mortgage
• Conventional vs High Ratio
• Self Employed
• Pre-payments
• Cash Back
• Mortgage Insurance