Fixed vs variable mortgage in 2019: Which is better for you? (and how to choose)

Homebuyer's School

Planning to get or renew a mortgage? Wondering whether you should go with a variable or fixed rate in 2019? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss fixed and variable mortgages as well as mortgage rate outlook for 2019. We provide examples of when to use variable vs fixed. Finally we explore which is better, a five or ten year mortgage term including examples of using each.

Prefer to watch the video or read and take notes? See the transcript:

https://stories.brookfieldresidential.com/homebuyersschool/fixed-vs-variable-mortgage-in-2019-which-is-better-for-you

We discuss the following items:

• Which one is better for you in 2019: fixed for variable mortgage?
  • Examples of how each type could benefit your situation
• Interest and mortgage rate outlook in 2019
• Which is better: 5 or 10 year term on a mortgage?

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