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Tag Archives: fixedRateMortgage

Variable vs a fixed-rate mortgage: what’s best for you?

Variable vs a fixed-rate mortgage: what’s best for you?

Variable vs a fixed-rate mortgage: what’s best for you? Most people choose a fixed-rate mortgage to avoid surprises in their monthly payments. While a fixed-rate mortgage will avoid surprises in their monthly cost, it may also cost them more money over the life of their mortgage. Variable rates go down as well as up. We can show how a variable-rate mortgage might be the most economical way to go. https://skipthebank.ca

© Sandra Lastovic is the Principal Broker with the Mortgage Centre in Guelph. With over 15 years’ experience and holds a M.Sc. from the University of Guelph. She was recently ranked at the top 75 agents in Canada by The Canadian Mortgage Professionals annual survey and 2017 Most Influential Women in the Mortgage Industry. She can be reached at 519-763-3900 x1001 or www.skipthebank.ca™

 

Locking In Your Mortgage Rate

Locking In Your Mortgage Rate

  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… Read More

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

  Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage. When and why you should pay off your variable-interest-rate mortgage: Very often the variable-interest-rate mortgage is less than a fixed-rate mortgage. If you pay off your variable-interest-rate mortgage, you will have saved more money than if you had a fixed-interest-rate mortgage. We can help a homeowner… Read More