Variable vs Fixed / Open vs Closed Mortgages

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Mortgage Agents in High River

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.

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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/

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