Fixed vs Variable Rates

Choosing a Fixed or Variable rate will depend largely on your personal budget and financial goals. A fixed rate is better suited for people who are more comfortable with a set budgeted amount for their mortgage. Knowing what to expect can provide security, regardless of market and rate fluctuations.

On the other hand, you may want to take advantage of lower variable rates, provided that you are comfortable accepting the changes in your mortgage payments. With mortgage rates at near historical lows, we can help you determine whether this is the time to lock in a fixed rate, or to choose a variable rate which can fluctuate over time.