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Is the “Best of Both Worlds” for you?
There are many factors to take into account when deciding whether to go for a fixed rate term or a variable rate term mortgage.
Fixed rate terms have higher rates and are more expensive, but payments are fixed for the term of the mortgage, so you know exactly what amount is to be paid on your principal.
Variable rate terms are usually less expensive over the term of a mortgage, but payments toward the principal vary according to rate changes.
Can’t decide if you want a fixed rate term for peace of mind or a variable rate term which features a low interest rate?
Take both! Look at our 50/50 Wise Mortgage product!
5 year term with an effective rate today of 3.125% !
With this kind of Mortgage you are allowed to split your loan amount between fixed interest and variable interest rates.
This means that regardless of the economic situation your loan will be partially suited to the economic circumstances.
Please call us for a FREE consultation and see if any of these terms works for you!
* Rates subject to change without notice OAC E&OE
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