{"id":178,"date":"2016-10-24T14:43:59","date_gmt":"2016-10-24T18:43:59","guid":{"rendered":"http:\/\/dev22.604media.com\/DLC_contemporary\/?page_id=178"},"modified":"2017-01-16T12:56:16","modified_gmt":"2017-01-16T17:56:16","slug":"fixed-rate-vs-variable-rate","status":"publish","type":"page","link":"https:\/\/catherinedlc.ca\/en\/home-purchase\/fixed-rate-vs-variable-rate\/","title":{"rendered":"Fixed Rate vs. Variable Rate"},"content":{"rendered":"<blockquote><p>YOU CAN SOMETIMES EXPECT A FINANCIAL REWARD FOR GOING WITH THE VARIABLE RATE, ALTHOUGH THE PRECISE MAGNITUDE WILL EBB AND FLOW DEPENDING ON THE ECONOMIC ENVIRONMENT.<\/p><\/blockquote>\n<div class=\"videoWrapper\">\n<iframe width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/8OR58-GP08c?rel=0\" frameborder=\"0\" allowfullscreen><\/iframe>\n<\/div>\n<p>Fixed rate mortgages often appeal to clients who want stability in their payments, manage a tight monthly budget, or are generally more conservative. For example, young couples with large mortgages relative to their income might be better off opting for the peace of mind that a fixed-rate brings.<\/p>\n<p>A variable rate mortgage often allows the borrower to take advantage of lower rates \u2013 the interest rate is calculated on an ongoing basis at a lenders\u2019 prime rate minus or plus a set percentage. For example, if the current prime mortgage rate is 5.5 percent, the holder of a prime minus 0.5 percent mortgage would pay a 5.00 percent variable interest rate.<\/p>\n<p>As a consumer, the best option is to have a candid discussion with your mortgage professional to ensure you have a full understanding of the risks and rewards of each type of mortgage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision to choose a fixed or variable rate is not always an easy one. It should depend on your tolerance for risk as well as your ability to withstand increases in mortgage payments.<\/p>\n","protected":false},"author":1,"featured_media":262,"parent":8,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/catherinedlc.ca\/en\/home-purchase\/fixed-rate-vs-variable-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fixed Rate vs. Variable Rate - Dominion Lending Centres\" \/>\n<meta property=\"og:description\" content=\"The decision to choose a fixed or variable rate is not always an easy one. 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