Variable vs Fixed / Open vs Closed Mortgages
Buying a house and getting a mortgage can be a stressful experience, especially if you’re going through it for the first time. Whether you opt for a traditional bank or a mortgage broker, trying to decipher terminology like “amortization,” “open vs closed mortgage,” or “prime interest rate” can make it feel even more overwhelming.
Original Article Source Credits:Young and Thrifty , https://youngandthrifty.ca/
Article Written By : Lisa Jackson
Original Article Posted on : March 17, 2020
Link to Original Article: https://youngandthrifty.ca/variable-and-fixed-open-and-closed-mortgages/