CTV Morning Live: Mortgage Minute May 29, 2018
With deep discounts in the variable rate mortgage environment, you may be wondering if it’s beneficial to review your current mortgage and whether choosing a variable rate mortgage can save you money over your term.
With deep discounts in the variable rate mortgage environment, you may be wondering if it’s beneficial to review your current mortgage and whether choosing a variable rate mortgage can save you money over your term.
Frank Napolitano of Mortgage Brokers Ottawa joins host Henry Burris discussing the benefits and savings of current variable rate mortgages. Frank takes a look at two scenarios, the first being whether it is worth it to break your existing variable to secure a larger discount against prime and the second to analyze how much a variable rate can save you over you term.
To see the full episode, click here.
See our article for Fixed vs. Variable in our Mortgage Info Centre.
For more information, please contact your trusted Mortgage Broker here.