Think about more than just the rate before locking in a mortgage, experts say
As fixed-rate mortgage rate offerings tumble, those with variable loans thinking about switching over and locking in need to consider more than just the rate, experts say.
James Laird, co-founder of Ratehub.ca and president of CanWise, says the rates being offered on fixed-rate mortgages in Canada are the lowest they've ever been, so it is logical to consider your options.
Original Article Source Credits: BNNBloomberg , https://www.bnnbloomberg.ca/
Article Written By: The Canadian Press
Original Article Posted on: Sep 3, 2020