Fixed or variable Mortgage - Need advice

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kittu
Member since: Jul 05

Posts: 13
Location: GTA
Post ID: #PID

Posted on: 09-07-09 09:41:23

Quote:
Originally posted by kabutar12

Hi Guys,

I have recently bought a house and right now i am trying to decide on Mortgage, below are the three mortgage options i have:

a) 5 years fixed at 3.69%
b) 3 years fixed at 3.15%
c) Variable at 2.25%

I am a salaried person, so have fixed income per month and dont like to take financial risk. What would you advice ?

I am
thinking to go with options a), but wanted your advice/opinion.

Hi
If you are getting five years at 3.69% fixed go for it

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Fixed or variable Mortgage - Need advice

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