Q. Should you go with a short or long-term mortgage?
A. A longer-term mortgage is worth considering in a low interest rate environment. The 5, 7, and 10 year fixed rate mortgages let you take advantage of today’s low rates while protecting you against future rate increases.
If you want to keep your mortgage flexible, you can explore shorter term mortgage or variable rate mortgages that enable you to have a lower rate while not locking you into an extended term.
For a free consultation, please contact me.
Michael Sato | 604.779.1517