Locking In Your Mortgage Rate: A homeowner can change from a variable-interest-rate mortgage to a fixed-interest-rate mortgage without paying a penalty.

Most lenders look at a five-year term on a fixed-rate mortgage. The trick is to determine what the new fixed-interest rate will be and when to make the switch. How to determine what factors will influence the rate upward? We can help you with that.

Do you have questions about fixed-rate mortgages in Guelph, Kitchener, Waterloo, Cambridge and surrounding areas? Ask us how we can help!

Watch this video and others on our YouTube channel for #mortgageMonday