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Mortgages: Fixed or variable?
- February 4, 2010 11:31 AM |
- By POV
A recent study found that 88 per cent of Canadian mortgage holders could have saved money by sticking with a variable rate over the past 10 years. But 68 per cent of Canadian homeowners have fixed-rate mortgages.
Mortgage planners Jas Grewal of The Mortgage Centre and Peter Majthenyi from The Mortgage Architects recently appeared on CBC's The Lang and O'Leary Exchange to weigh the pros and cons of the two options.
The conclusion? There's no one-size-fits-all solution -- the ideal mortgage depends on your individual circumstances and risk tolerance.
Which would you choose and why?
Read more:
Take our poll:
(This poll is not scientific. It is based on readers' votes.)
Mortgage planners Jas Grewal of The Mortgage Centre and Peter Majthenyi from The Mortgage Architects recently appeared on CBC's The Lang and O'Leary Exchange to weigh the pros and cons of the two options.
The conclusion? There's no one-size-fits-all solution -- the ideal mortgage depends on your individual circumstances and risk tolerance.
Which would you choose and why?
Read more:
Take our poll:
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