Tag: Variable rate mortgage
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MORTGAGE DECISIONS FOR INVESTORS – 5 YEAR FIXED OR VARIABLE?? – by Arlen Dahlin
I have been asked this question soooo many times.HISTORICALLY, IS IT FIXED MORTGAGES OR VARIABLE RATE MORTGAGES THAT HAS SAVED BORROWERS THE MOST IN INTEREST EXPENSE?Answer: Variable rate mortgages.I have ALL my single-family property mortgages on variable rates, I have done so for as long as I can remember.Why? See answer above. The facts are…
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April Bank of Canada Announcement!
Your Bank of Canada Announcement Your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from us on the recent Bank of Canada announcement. Bank of Canada Maintained Overnight Rate! As of 10AM on April 21st, 2021, the Bank of Canada has maintained…