What do you need to know about mortgages if interest rates rise? | Hot Property Online
January 16, 2018
This week on HOT PROPERTY ONLINE:
On January 17th, the Bank of Canada (BoC) is going to make their first policy interest rate announcement of 2018. To learn about the factors leading to the BoCs likely rate hike, please click here.
Feeling nervous about your variable rate mortgage? Wondering whether you should lock in to a fixed rate mortgage? Take a deep breath and remember your mortgage strategy, what made you ultimately decide that a variable rate mortgage was right for you? Still not sure, not a problem, call your mortgage advisor and get the facts your bank won’t tell you about your current mortgage strategy. Chances are, you are still paying off your mortgage faster in your variable rate mortgage than you would be if you were in a fixed rate mortgage.
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