纠结的问题: fixed or variable mortgage rate

[小孩]

我已经墨迹了好几个月了...本来是打算variable: prime+0.50%
如果转成fixed, 我拿到的是3.84%...

之前鼓起勇气要用variable的, 前天政府宣布recession结束, 搞得我又心慌慌的怕通涨的厉害...

大家怎么看?

 

[dkwan]

i always told people who asked that question.
Get variable rate but paid like a fixed rate.

Variable is like 2.75, and fix is 3.84. difference of 1.09%.
BoC usuallys increase rate at .25%, so you have 4 times the increase before making it even.

 

[小孩]

Thank you dkwan. I didn't even know BoC increase rate by .25% at a time.

 

[dkwan]

This is not a must, but usually is .25% of a time

 

[zipped]

From where you are getting 3.84%? and what's the term?

 

[小孩]

my broker applied for me about one month ago when the 5 year fixed rate was hiking, he said he's afraid I'll change my mind so he went ahead to secure the rate first..

but he gave me good news yesterday that my variable is lowered to prime+.4%, so I decided to stay with variable for now.

 

[linda785]

my broker applied for me about one month ago when the 5 year fixed rate was hiking, he said he's afraid I'll change my mind so he went ahead to secure the rate first..

but he gave me good news yesterday that my variable is lowered to prime+.4%, so I decided to stay with variable for now.

maybe you can keep the variable now, and try to ask the broker if he can hold the fixed rate for you four month, four month later you can decide to change it to fixed rate or not. I asked the bank already and I can do it like this.