Ten Year Fixed Rate: The Safest Bet When Rates Go Up
When the time is right, a ten-year fixed rate mortgage can be the absolute best friend of a Canadian homeowner. Typically the longest term available, you might consider a ten-year fixed when the spread between this product and the five-year fixed rate mortgage is small. Time it incorrectly though and you could be stuck with a higher rate for a longer period of time. Use with caution! Get professional advice from a First Foundation Mortgage Broker.