if the home you want to purchase is just a starter home and you don’t plan on spending too long there, then it might be worth it to go with a variable mortgage, assuming the initial interest rate is on the low side. However, if this is your dream home and ...
Fixed vs variable rate mortgage. Learn the difference between each type of mortgage, get to know the pros and cons first before making a final decision. When talking about mortgages there’s a lot of jargon being thrown around the place. Loan to Value (LTV), stamp duty, approval in princi...
One of the first choices to make is whether to apply for a fixed-rate mortgage or a variable one, but how can you decide which is most suitable for you? This short guide sets out what you need to know. What are fixed-rate mortgages? When you take out a fixed-rate mortgage, you’...
The Bank of Canada interest rate increases have been top of mind for Canadians across the country. The real estate market started with a boom in 2022; Four tips to help you decide whether a fixed or variable-rate mortgage is best for you.
Mortgages aren’t one-size-fits-all. Here’s what you need to know about fixed vs. variable rate mortgages, so you can pick the one that’s right for you.
How to Find the Best Fixed Mortgage Rates How to Qualify for FHA Mortgage Rates with a Low Credit Score Fixed Mortgage Rates vs Variable: Which is Better for You? How to Lower Your Monthly Payments with Refinance Mortgage Rates Why You Should Consider an Adjustable Mortgage Rate for Your Home...
How to Find the Best Fixed Mortgage Rates How to Qualify for FHA Mortgage Rates with a Low Credit Score Fixed Mortgage Rates vs Variable: Which is Better for You? How to Lower Your Monthly Payments with Refinance Mortgage Rates Why You Should Consider an Adjustable Mortgage Rate for Your Home...
Switching your mortgage from a variable to a fixed interest rate can help make your mortgage more affordable if rates are rising.
Fixed vs. variable student loan rates: Which is best? Student Loans By Jerry Brown 4 min read The best way to borrow against your home: HELOC, cash-out refi or home equity loan? Home Equity By Linda Bell 9 min read What is a 10/1 adjustable-rate mortgage (ARM)? Mortgages...
A common adjustable-rate mortgage is a 5/1 ARM, which has a fixed rate for the first five years. After the initial fixed period, the interest rate adjusts once per year based on interest rate conditions. A 5/6 ARM has the same five-year fixed rate, with the interest rate adjusting ...