August 2019

Fixed or variable mortgage rate: Which is better for first-time homebuyers?

Buying your first home is one of life’s biggest decisions. It can also be one of the most stressful. Knowing what types of mortgages are available can help you make the right decision. Below we take a look at fixed- and variable-rates, and determine which option is best for first-time homebuyers. Fixed mortgage rate A fixed mortgage gives you a predetermined rate of interest for a set period of time....

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