Fixed Rate Versus Variable Rate Mortgages in Canada - Sandhu Sran Mortgages
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.