5y Mortgage: Fixed or Variable?
We are planning to take a 300k mortgage for 5 years.
Is it better to take a fixed mortgage at 2.69% or a variable at 2%?
Over 5 years, the difference would be 17.6k assuming biweekly accelerated payments and no pre-payments.
Nobody can predict how rates will go, but 5 years seems like a lot of time for interest rates to go up?
Thanks
Is it better to take a fixed mortgage at 2.69% or a variable at 2%?
Over 5 years, the difference would be 17.6k assuming biweekly accelerated payments and no pre-payments.
Nobody can predict how rates will go, but 5 years seems like a lot of time for interest rates to go up?
Thanks