Setak
Well-known member
I sold my plex and buying a house in the next few weeks
I'm going variable. The rates will have to be increased another 3-4 times at 25BPS for me to get to where fixed 5 years is right now... and if that happens it'll already be 2-3 years into my 5 year variable
When you take variable the rule of thumb is easy. Whatever your monthly payment is .... add 150-200$ to it ..... this way you're doing 2 things....
1. Buffer for rate increase
2. Paying down your mortgage quicker and paying less interest
I called my broker yesterday who had offered me 2.39% Variable last week.... going to see what the rate will be now but I'm still going variable (unless its something stupid like 3% lol)
Le best est un variable avec un taux plafond. Souvent le risque est moindre et le plafond est même pas 1 point en haut du fixe... Tes win/win en osti dans ce cas la. J'ai déjà vu sa chez desjardins mais j'imagine que sa existe pas mal partout