Buying can be scary, especially when you’re signing for a mortgage. Weigh the pros and cons before signing on the dotted line.
If you have a steady work schedule and a reliable income, this may be the best fit. The interest rate won’t fluctuate. So you’ll know how much you’re paying month to month.
These can fluctuate depending on the Canadian government’s set rate. Want to take a risk for a potential payoff? This option could save you money.
At the end of the day, it all depends on your scenario. Speak to a lender about the best option for you.