April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today's post explains why.
Posts from the ‘fixed vs. variable rate’ Tag
November 11, 2019
Today's post answers an increasingly popular question: Should variable-rate mortgage borrowers lock in a fixed rate now?
April 14, 2010
Ahh, the variable rate mortgage, temptress to us all. It offers you the lowest borrowing cost in exchange for the security of your locked-in rate. History shows that variable has been the right call for Canadians about 90% of the time, but for the other 10% of the time, history also shows you would have lost more vs. fixed when you bet wrong, than you on average would have saved vs. fixed when you bet right. So it’s the right call, except when it isn’t. And there’s the rub. Subscribe to Dave's Blog I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the best […]