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Tag Archives: Mortgage Advice
Variable Versus Fixed Rate Mortgages with Jessi Johnson Mortgage Broker!
Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage.
What is a variable rate mortgage?
This is a mortgage that has an interest rate that changes in line with the Bank of Canada’s prime rate.Variable rate mortgages tend to have a lower interest rate than a fixed rate mortgage, but the interest rate on a variable mortgage can change at any time.
What is a fixed rate mortgage? Continue reading
Posted in: For Buyers, Vancouver Real Estate and Mortgage Financing
Tags: Assumable Mortgages, Bank of Canada, Canadian Mortgages, Financing Advice, Fixed Rate Mortgage, Fixed Rates versus Variable Mortgages, Fixed Rates vs Variable Rates Mortgages, Fixed Versus Variable Rate Mortgages, Interest Rate Volatility, Interest Rates and Real Estate, Jessi Johnson, Jessi Johnson Mortgage Broker, Jessi Johnson Team, Mortgage, Mortgage Advice, Mortgage Broker, Mortgage Financing, Mortgage Financing Advice, Mortgage Financing in Canada, Mortgage Financing in Vancouver, Mortgage Rates Fixed or Floating, Mortgages, Mortgages as Investments, Property Advice, real estate advice, Rising interest rates and real estate, Vancouver Real Estate and Falling Interest Rates, Vancouver Real Estate and Rising Interest Rates, Variable Rate Mortgage, Variable Rate Mortgage Loan, Variable versus Fixed Rate Mortgages, what are the risks of a fixed rate mortgage, What are the risks the risks of a variable rate mortgage, What is better a variable or a fixed mortgage, Which Mortgage is Better Fixed or Variable, why are fixed rates better, why are variable rates better
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