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 decide on which type of mortgage is a good fit for them.
Do you have questions about variable mortgage rates in Guelph, Kitchener, Waterloo, Cambridge and surrounding areas? Ask us how we can help!