Choose a fixed or variable rate mortgage?

Choosing a fixed rate versus variable rate depends on your tolerance of the risk of interest rate fluctuations and your solvency. Choosing a variable rate mortgage product is the best choice on the market because the rate is generally better than a fixed rate mortgage. However, please keep in mind that the variable rate may change the amount of your payments. In fact, you immediately get the benefits of a rate cut, so you pay off your mortgage faster; privilege non-offered fixed rate products that guarantee the rate and repayment for the duration of the loan (from 6 months to 10 years).

However, if rates rise, you have to pay more interest immediately, and if your refund is not enough to pay everything, you need to increase your payments to keep the depreciation period equal to the period you originally selected,