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Tag Archives: mortgageMonday

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 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!

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

 


 

How Often Variable Rates Change

How Often Variable Rates Change

    How Often Do Variable Rates Change? The Bank of Canada can legally change its prime lending rate plus or minus, sixteen times a year. In reality, it normally only changes about once or twice, and is plus or minus .15% to .25% per annum. We can help a home owner in forecasting those… Read More