Is it the monthly payment that concerns you most, or the interest?
• If your payment concerns you most, lets discuss the static payment option (VRM mortgage)
• If it’s the interest that concerns you most, a fixed rate is likely a higher rate, but will provide you with that certainty moving forward.
Estimated fixed rates today:
Insured fixed rates will range between 4.90% - 5.50%, term length dependant.
Conventional fixed rates will range between 5.20% - 6.05%, term length dependant.
Should you renew early if your mortgage matures in the next 12 months?
Based on where interest rates are today and the volatility in the national economy, we recommend giving us a call to discuss your options and have us run the exact numbers to see if it makes sense for you.