Variable vs Fixed Opinion
So I have 2 options for a mortgage
2.39 5y fixed vs Prime minus - 0.45 which works out to be (2.25%)
The difference in payment would be roughly about $50/month
If you're in this scenario, which one would you pick?
I was always in the camp of go variable because a lot smarter guys have done the calculations to give the bank more profit. But that was when the rate differential was always bigger than the paltry 0.14%
2.39 5y fixed vs Prime minus - 0.45 which works out to be (2.25%)
The difference in payment would be roughly about $50/month
If you're in this scenario, which one would you pick?
I was always in the camp of go variable because a lot smarter guys have done the calculations to give the bank more profit. But that was when the rate differential was always bigger than the paltry 0.14%