How’s the mortgage going?
Before getting married, what’s the typical line that folks will ask you and your partner? Let me see if I’m close. “have you bought a house yet?” would be one of the most used sentence. Am I right? As a man, I’m pretty sure most of us will tend to ‘make sure’ we have a place to live. It’s natural. You want to give your partner a safe and comfortable place to live in.
Getting a house is a very big decision. Especially when choosing between Fixed rate mortgages or the other. Non fixed mortgages may be interesting since some interest rates may be very low at the time of signing up. Fixed rate on the other hand maintains the same fixed interest irregardless of the economic situation. Well at least that’s what my banker told me.
The key thing here is to compare mortgages. You can only know which works best for your budget and preference when you understand the concept between the two mortgages.
Me? I took the fixed one. Yeah I know. I was playing safe.
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