Quote:
Originally Posted by Tapioca
Variable rate mortgages also don't penalize you as much to break them compared to fixed rate mortgages. The interest rate differential calculation can be very significant t if you're forced to break a mortgage early in your fixed term.
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Great point. it's just 3 months interest (at these rates that's dirt cheap) if you break a variable so if you have any plans at all of selling/moving during your mortgage then variable is 100% the way to go.
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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