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The Difference Between Fixed and Variable Rate Mortgages

Chris Holm

Whether buying or selling, hundreds of clients in the Armstrong and North Okanagan area have relied on Chris Holm since 2007...

Whether buying or selling, hundreds of clients in the Armstrong and North Okanagan area have relied on Chris Holm since 2007...

Nov 1 1 minutes read

The Difference Between Fixed and Variable Rate Mortgages


Most people aren't too familiar with the terminology used within the mortgage industry unless they've purchased a home - and even then, it can be confusing!

The mortgage professionals I partner with tell me that one of the most common questions they receive from their clients is, "what's the differences between a fixed mortgage and variable mortgage?"

There are a few main features to consider when discussing both of these options, so read below to learn more - and chat with a mortgage broker or your bank to make sure you’re choosing the best mortgage product for your individual real estate needs.




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