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Posted by: Dave Melnyk
It is very common for people to believe that the rate is the most important consideration when selecting a mortgage product. In many cases, this is a reasonable assumption, many times customer are deciding between mortgage products that are very similar in rate. In this case, as in most, understanding the terms of the mortgage […]
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Ever since the variable rate mortgage was introduced, the question became do I choose the fixed or variable rate mortgage. With the recent rate increases borrowers will usually choose the security of a fixed rate mortgage. This does, however come with a premium as variable rate mortgages are generally 0.75% less than their fixed counterpart. […]
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