Your mortgage interest rate is set by the lending institution and can vary significantly between lenders. That’s why it’s crucial to compare offers from different financial institutions to find the most advantageous product for your situation. Mortgages can be open or closed, with fixed or variable rates. The mortgage term also has a major impact on your monthly payments and the total cost of the loan.
There are many factors to consider when choosing a mortgage. The best option isn’t always the one with the lowest interest rate, as it may come with restrictions and costly penalties if you sell your home.
To fully understand your mortgage and make the right choice, rely on my expertise.