How to budget for variable-rate mortgage payments: With a variable-interest-rate mortgage some lending institutions say that the same amount can be paid each month should a homeowner switch to a fixed-interest-rate mortgage. In the long term, less of the monthly payment goes toward paying down the principal. We can help a homeowner budget for a variable-rate mortgage.
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Do you have questions about variable-rate mortgages in Guelph, Kitchener, Waterloo, Cambridge and surrounding areas? Ask us how we can help!