Fixed-rate vs variable rate
A fixed-rate mortgage is an excellent choice if you want predictability when it comes to knowing how much money you need to pay toward housing costs every month and what that cost will be over time. It’s especially beneficial for people who don’t like surprises – which is why so many homeowners choose them! If there are ever any questions about whether a fixed-rate mortgage is right for you, we’ll help answer them during our free consultation session at no obligation whatsoever! Call us today at 555–555–5555! We look forward to hearing from you soon!
Fixed-rate means the interest rate will be the same for all of your loan payments
Variable rates can change at any time - it's important to find out what happens if they go up or down
When you take a fixed-rate mortgage, you know how much your monthly payment will be and how long it'll last
The downside is that with variable rates, you don't know what your payments could look like in 5 years
If you're not sure which one to choose, ask someone who knows about mortgages! They'll help figure out which option is best for you
You may also want to consider whether or not there are any points involved in your new mortgage deal - this will have an effect on the total cost of borrowing money from a lender
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