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Should I lock in my variable rate mortgage?
February 8, 2024 @ 8:29 AM by:

With fixed rates having dropped by nearly a full percent since October, the spread between the variable rate you have on your mortgage right now, and the fixed rates that are available could be as much as 1.5% (even if you are with a bank).


The answer may not be as straight-forward as it seems, however, depending on how long you have left on your current term, and how long you foresee yourself staying in your current home.


Even if we didn't originally arrange your mortgage, we are here to give advice! With nearly 30 years in business, we've helped thousands of borrowers JUST LIKE YOU make smart decisions when purchasing, refinancing, or transferring their mortgage. Call (613)394-5810 or send us a message today!


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