Cant decide whether to go fixed or variable? With a hybrid - TopicsExpress



          

Cant decide whether to go fixed or variable? With a hybrid mortgage, you dont have to. Many Canadians prefer the certainty of a fixed-rate mortgage. They know exactly how much they’ll pay over the term of their mortgage. However, lower-rate variable mortgages with a strong “prime minus” rate offer the potential to save on interest. A hybrid mortgage can give you the best of both worlds because part of the mortgage is at a fixed rate and part is at a variable rate, allowing you to diversify your financing. But is a hybrid mortgage the answer to your dilemma? Not necessarily. The best mortgage solution depends on your own unique situation, which means your best option is to have a mortgage professional review your situation and help you decide which product is best – fixed, variable, or hybrid.
Posted on: Fri, 07 Mar 2014 15:13:01 +0000

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