Everyone
knows that interest rates today are at historic lows and therefore people
want to lock in that great rate for 5 years or longer however, according to David Larock, a Mortgage Broker and ex-banker “variable-rate
mortgages have been cheaper than five-year fixed-rate mortgages 90 per cent of
the time over the past 25 years.”
According to
a recent article published on the Globe and Mail website… for the cheapest
mortgage, go variable. It suggests that although the financial and
economic ups and downs of recent years has made people more open to the
fixed-rate or ‘locked in’ rates for mortgages, having a variable rate mortgage
will save you money. How and why? Read
the article (link below) that discusses why choosing a variable rate in today’s
market is favoured by analysts over the more popular fixed rate.
Call me today for your confidential mortgage
checkup and to discuss options to determine the perfect mortgage for you!
Can you afford to wait?
