Is The Bank Of Canada Going To Raise Rates Again?
The Canadian Real Estate Investor
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How to Choose a Fixed Rate Mortgage
The initial interest rate is often higher than the variable rate mortgage. You're also locked into that interest rate for your entire mortgage term. A lot of people are feeling the burn here on this from variable rates initiated in the last couple of years. But if you like knowing your mortgage payment will stay the same regardless of the mortgage, then a fixed rate mortgage is your best choice.
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