When it comes to choosing between a fixed or variable mortgage rate, there’s no one-size-fits-all answer—it depends on your comfort level and financial goals.
A fixed rate offers stability. Your payments stay the same for the term, making it ideal if you prefer predictability or are working within a set budget.
A variable rate, on the other hand, often starts lower and could save you money if rates decline. It’s a great option for those who have some flexibility and don’t mind a bit of market movement.
Both have benefits—it’s about what suits you.
If you’re unsure which direction to take, contact an expert at The Mortgage Doctors Inc at 1.866.452.1100. We’ll walk you through the numbers and help you make a confident, informed choice.
