Fixed or Variable Rate Mortgage?

The variable-rate mortgage has proven to be the cheapest borrowing option about 90% of the time over the last 25 years according to a study by a well-known Canadian finance professor. Despite this, just about every mortgage advisor has been shunning the variable rate in favour of fixed rate options for some time now.

While there were good reasons for doing this, recent economic trends and new data have caused some to re-evaluate the fixed versus variable debate.

In today’s guest post, David Larock makes the case for the variable-rate mortgage and explains why borrowers who can tolerate fluctuating payment amounts should once again give this option careful consideration.

Read Dave’s full post here…

 


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, November 19th, 2012 at 12:31 pm and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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