Fixed Mortgage or Variable Mortgage? What’s the best decision?
Fixed mortgage or variable mortgage? When it comes to purchasing a home, one of the biggest decisions borrowers need to make is whether to choose a fixed rate mortgage or a variable rate mortgage. In British Columbia, with variable mortgage rates potentially at a peak and fixed rates having recently retreated, this decision is becoming…
Read Article...Is a No-Frills Mortgage Really What You’re Looking For?
A no-frills mortgage may seem like a great option to save money, but it’s important to understand the potential drawbacks before making a decision. In this article, we’ll explore what a no-frills mortgage is, why it may not be the best choice for everyone, and how to determine if it’s right for you. What is…
Read Article...Understanding a Variable Rate Mortgage
Variable rate mortgages, also known as adjustable rate mortgages, are a popular option for homebuyers looking for flexibility in their mortgage payments. Unlike fixed-rate mortgages, where the interest rate remains constant over the life of the loan, variable rate mortgages have interest rates that fluctuate over time based on the prevailing market conditions. In this…
Read Article...Credit and Mortgage Financing: Understanding the Basics
Buying a property is a significant investment, and for most people, it means taking out a mortgage. But before you can even think about obtaining a mortgage, you need to have a good history of managing your credit. In this article, we’ll explore the basics of credit and mortgage financing, including what lenders look for…
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