A floating interest rate, also known as a variable rate or adjustable rate, refers to any loan that is not…
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What Is a Fixed Rate Mortgage?
Within a fixed rate mortgage, you will have the security of knowing that your mortgage payment and interest rate will…
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What Causes the Variable Rate to fluctuate?
The Bank of Canada meets 8 times each calendar year to analyze the Canadian economy and to decide on whether…
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How Much Would the Variable Rate Change?
If you have a mortgage today, your payment will change approximately $12 - $13 for every $100,000 that you owe…
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What are the Pro’s & Con’s to a Fixed Vs Variable Rate?
Fixed Rate Mortgage Pro’s Fixed rates give the borrower the certainty of a static payment each month. In a rate rising environment,…