Buying can be scary, especially when you’re signing for a mortgage. Weigh the pros and cons before signing on the dotted line.
Fixed-Rate Mortgages
If you have a steady work schedule and a reliable income, this may be the best fit. The interest rate won’t fluctuate. So you’ll know how much you’re paying month to month.
Variable-Rate Mortgages
These can fluctuate depending on the Canadian government’s set rate. Want to take a risk for a potential payoff? This option could save you money.
At the end of the day, it all depends on your scenario. Speak to a lender about the best option for you.
