Finding your way through the mortgage maze
A mortgage loan may have a fixed rate, which remains the same for the entire term, or a variable rate, which changes based on market conditions. Mortgages can also be classified as open or closed. Choosing a closed mortgage generally allows you to benefit from a lower interest rate compared to an open mortgage. However, this means that any modification to the initial terms of the loan may result in penalty fees.
There are several terms and conditions attached to mortgages, all of which are just as important as the interest rate itself.
It’s not always easy to navigate the complex mortgage process. I am here to guide you, saving you time and increasing your chances of getting the best mortgage for your needs.