Sentences with phrase «idea of a variable rate mortgage»

Even though the idea of a variable rate mortgage is not a new thought in Canada, there are more kinds now than ever before that you should familiarize yourself with.

You've probably tossed the idea of a variable rate mortgage, as it appears (I don't predict the future) rates will begin rising steadily within the next year, and could be considerably higher than today the first time your rate re-sets.

Not exact matches

Leaning towards a variable rate mortgage, but want to get an idea of how potential interest rate increases would impact your payments and final balance at the end of the term?

The idea is pay the fixed rate, while opting for the variable rate mortgage, with the increased payments insulating you from the shock of future interest rate hikes.