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Understanding Mortgages | Fixed & Variable Rates Explained

Author: 
Toronto Realty Boutique
Publication date:
December 1, 2022
Article Summary: 

This blog explains the differences between fixed and variable rate mortgages and the importance of understanding mortgage term and amortization period before getting a mortgage. Fixed rate mortgages provide stability and a set rate while variable rate mortgages fluctuate with the prime lending rate. The blog suggests that choosing the best type of mortgage rate depends on personal financial circumstances and advises working with a seasoned mortgage broker to find the best product offerings.

Keywords: 

mortgages, fixed rate, variable rate, mortgage term, amortization period, mortgage broker.



Source Citation: 
Toronto Realty Boutique
Understanding Mortgages | Fixed & Variable Rates Explained
December 1, 2022
https://torontorealtyboutique.com/understanding-mortgages/
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