Planning to apply a mortgage and wondering which mortgage rate type will suit you the best? One of the most important decisions a borrower will make when choosing a mortgage is whether to go with a variable or fixed interest rate. It’s a decision that can have a long-term impact on a homeowner, costing thousands of dollars in interest. In 2024, as inflation sweeps across the Canadian economy, we will examine whether a fixed or variable rate mortgage in Abbotsford is best suited to your specific situation and risk tolerance. There are various options for interest rates, ranging from the security of a fixed rate mortgage to the flexibility of a variable rate mortgage. If you are looking for a reliable mortgage broker in Abbotsford who can help you get approved for a fixed or variable rate mortgage, rely on none other than Sandhu & Sran Mortgages. We have industry experience and know how to find the best rate options based on your unique mortgage situation. For more details, give us a call today.
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