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Rising Interest Rates, Variable vs Fixed Mortgages, and How to Take Equity Out of Your Home

Build Wealth Canada Podcast

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Mortgage Rates Are Lower Than Home Equity Line of Credit Rates

The fixed rate mortgage and the home acrity line of credit are neck and neck at this appointed time. If cash flow is your top priority, minimizing how much money you have to put towards your debt, then the home equity line of credit generally makes the most sense. But it's a cash low tha home equrity line of credits is the way to go. So again, this is an important conversation to have with mortgage professional to understand which option is right for you.

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