Here is a quick referesher of what we need to know about mortgages thanks to my friends at RBC:
Fixed Rate Mortgage
The interest rate for a fixed rate mortgage is locked in for the full term of the mortgage. Payments are set in advance for the term, providing you with the security of knowing precisely how much your payments will be throughout the entire term. Fixed rate mortgages can be open (may be paid off at any time without breakage costs) or closed (breakage costs apply if paid off prior ...
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posted in General
at Mon, 29 Mar 2021 20:27:50 +0000
