Three Years Fixed Rate - Sounds Great!
Sometimes a great rate on a three-year fixed is more suitable than a variable rate mortgage or a five-year fixed. It can be a great compromise if you're not sure that you plan to stay in your home for more than five years. As a rental property landlord you might consider a three-year fixed rate mortgage for the purpose of maintaining cost consistency while giving yourself the flexibility to sell if you choose. If you're interested in discussing your options, get in touch! We'd love to hear from you.