September 4th, 2008, Michael Sjerven
The most common question I am getting these days relates to interest rates. Clients want to know whether to go with a variable (ie prime -.60% or 4.15%) or a fixed rate (ie 5.34%). Generally speaking (based on history) going with a variable rate will save you money over the long term. You will save about 1% or more per year right away, and you can lock in to a fixed rate at anytime. However ...
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