Posted by: Kristian Harris
As mortgage rates have risen, the amount of inquiries and concerns from home-owners in Canada have risen along with them.
Although no one can say for certain where rates might be in the next few months, Kristian explains that there are other options available to home-owners outside of the typical ‘5 Year Fixed Rate Mortgage’ that so many bankers are quick to offer Canadians. Options such as Variable Rate Mortgages and 10 Year Fixed Rate Mortgages offer home-owners in Canada opportunities to to pay less in interest or to protect themselves from interest rate increases accordingly.
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