As a local Financial Security Advisor, Anthony can provide you with affordable mortgage rates, allowing you to get the home of your dreams.
Buying a home can be an emotional experience. Due to the fact that few Canadians have the cash to buy a home outright, many will look to obtain a mortgage. This is a significant investment, so it’s critical that you are fully informed about all the benefits and costs of acquiring one.
Fixed Rate: The whole mortgage term will have the same rate, allowing you to know exactly what you will be paying and minimizing your risk.
Variable Rate: A floating interest rate based on the prime rate. Fluctuations mean your rate may be higher or lower than your starting rate. The variable approach can save you money if rates go down, but will be more expensive if rates go up.
The type of mortgage you need depends on your current financial situation and future goals.