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Variable rate vs. Fixed rate mortgages

by mapleleafmortgages on May 19, 2011

In determining whether you should go with a variable rate vs. fixed rate mortgage how do you decide…..

Yes, let’s flip that coin, VARIABLE vs. FIXED… the best Variable Rates are prime (3.00%) minus .80%, which means your payment is at a rate of 2.20%. Sounds great and it is, for qualified candidates. News just in,  fixed 5 year rates have just lowered to 3.99%.  Pretty good if you like the thought of a steady secure payment over the next 5 years.

The truth is, either way you really can’t go wrong. There is a rise in debt consolidations to payoff outstanding credit, and there is no need to panic, credit repairs through mortgages are available.  Contact one of the experts at Maple Leaf Mortgages or apply on-line to get started.

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