ON Canada, Sept 11, 2011 - Current fixed rates are at the lowest and this makes housing more affordable. Variable rates on the other hand is around 2.4% while fixed are at 3.19%. The difference between the two rates is low or $ 39 for 25 years for each 100K of loan. Having the peace of mind of equal payments vs. low and volatile rates, the fixed rate may be a better option at this point in time. It could change next month. Email me at victor_catalan@centum.ca if you need further assistance on this matter.

ON Canada - yes it would be a good exercise to do this especially if you want to get the best deal that you would want on renewal. Some clients want rates, others is pre-payment, others is the locking in to best rates when availing the variable rate mortgage. Email me if you need assistance - victor_catalan@centum.ca

ON Canada - yes you can and I have done this in the past. The question is can you afford this or is it in your best interest to be mortgage free at this stage of life. If you really want one, I can organize this for you in Ontario Canada. Email me at victor_catalan@centum.ca