Fixed Rate Mortgages
A fixed rate locks in your interest rate for the term, typically 1 to 5 years. Payments remain the same — predictable, simple, stress-free.
Best for: First-time buyers, tight budgets, and anyone who prefers certainty.
Variable Rate Mortgages
A variable rate fluctuates with the Bank of Canada prime rate. Historically, variable rates have saved borrowers money over the long term, but come with more uncertainty.
Best for: Borrowers with financial flexibility who can absorb potential payment increases.
Making the Right Choice
The right choice depends on your risk tolerance, income stability, and how long you plan to stay in the home. Contact Priyanka for personalised guidance tailored to your situation.
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Contact Priyanka today for personalised mortgage advice.
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