Should You Choose a Fixed or Variable?

When you borrow money, you may have a choice between a fixed-rate loan or a variable-rate loan. Read on to find out how to choose which one is right for you. Image source: Getty Images.

One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is "fixed" throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.

Should You Choose a Fixed or Variable? Buying a home is the single-largest financial commitment most people ever make. And sorting through mortgages involves a lot of critical choices. One of these is choosing between a fixed- or variable-interest-rate mortgage.

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This week the contrarian in me challenges the notion that choosing a fixed mortgage. If you can pass that test, you can afford variable-rate increases that go.

One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is "fixed" throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.

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Scott Evans, a financial planner at BlueShore Financial in North Vancouver, B.C., says you should ask yourself why you decided to choose a variable. have if you stuck with the variable-rate loan..

Call it the Stranger Things of the housing market: canadians can now get a lower interest rate on a new mortgage by locking.

products to offer or prices to charge customers, we do encourage licensed suppliers to list. When choosing your supplier, one of your most important decisions is. translate into higher energy bills, whether you are on a fixed or variable rate.

One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is "fixed" throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.

One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is "fixed" throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.

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