Why Choose Variable Rates?
Debating whether or not to choose a variable rate mortgage? Many Canadians who are financially responsible may find that they can save money by choosing a variable rate mortgage. Usually the interest rates are lower than fixed rate products, albeit with the risk that variable rates can go up. Variable rates could be for you if you have good to excellent credit, carry a low debt load, and have the income to cover any increases in rates. If that describes you then let's talk about whether or not a variable rate is right for you? You can learn more about variable rates here. Not convinced? Why not check your fixed-rate mortgage options?