Fixed Rate vs. Variable Rate

One of the most important decisions you’ll make is choosing between a fixed and variable rate mortgage.

Fixed rate mortgages offer stability - your rate and payments stay the same throughout your term. This is ideal if you prefer predictable budgeting.

Variable rate mortgages fluctuate with the prime rate. Historically, variable rates have saved borrowers money over time, but they come with the risk of rate increases.

The best choice depends on your financial situation, risk tolerance, and current market conditions. I love running scenarios - let me show you the numbers for both options.