It is an interest rate that does not change during the entire mortgage term. In other words, everything you have agreed with the lender will remain the same over the term of the contract.
🔹5 Fixed Rate has generally been most popular among Canadians over the years.
🔹Less stress, since you do not need to worry whether mortgage rates change.
🔹Fixed mortgage rates have similar pattern of movement as the Canada Bond Yields.
As the rates continue to remain low, talk to Inna and Katerina to see what are Your Home Financing options for today:
Inna Bogdanov 416.268.0004 | Inna@ikfinancial.com
Katerina Markevich 416.388.8153 | Katerina@ikfinancial.com