Should you sign-up for a fixed-rate mortgage or should you go for a flexible (variable) rate?
This is a question many a house owner, and would-be house owner, faces. Or, in the case you are wondering loud about buying a house, should you in the first place?
Moshe A Milevsky, who is a professor at the Schulich School of Business at the York University, recently wrote a very informative piece in the Toronto Star.
He is flexible in his advice: he wants you to decide based on your assets and liabilities.
For example, if you have a large mortgage, then Milevsky is advising to go for a fixed-rate mortgage.
Read the Toronto Star article titled “3 ways to deal with the rising mortgage”.
SmartCanadian
