Variable vs Fixed Mortgage: What to Know
Variable vs fixed mortgage? That is the question! You will most likely have to answer this question before signing off on a property and obtaining a mortgage. Deciding between both options is one of the biggest dilemmas you will face when purchasing a home. This is because the decision you make now will affect you for years to come. It may also mean the difference between paying thousands of dollars in interest, or not.But, when comparing both, your deciding factors will typically boil down to two things. These are the cost and predictability of the mortgage and other economic factors. Whether you’re a first-time buyer or refinancing, we’ve got you covered with this article. Understanding the difference between variable vs fixed mortgages is vital for your financial future. Below, we explore their differences to help you make an informed decision.Keep reading to learn more! Related Reading: How to Switch Financial Advisors Variable vs Fixed Mortgage: What is the difference? Let’s
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