Have you heard of the “50 point spread rule”?
See the graphic (click on it for the FULL document) then let’s talk when determining between Variable and Fixed.
Choosing a Mortgage That is Right for You
Choosing a Mortgage That is Right for You When you buy a home, you may only be able to pay for part of the purchase price. The amount you pay is a down payment. To cover the remaining costs of the home purchase, you may need help from a lender. The loan you get from a...