Is The Bank Of Canada Going To Raise Rates Again?
The Canadian Real Estate Investor
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The Advantages of a Fixed Rate Mortgage
Fixed rate mortgages are easier to understand than variable rates. The interest stays the same, you'll always know when you'll pay off your mortgage. An initial lower payment may help you qualify for a longer loan. If the prime rate falls and your interest rate falls accordingly, more of your payments will go towards the principal.
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