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VARIABLE RATES
ADVANTAGES
• Over history, variable rates have proven to be less expensive
• Penalties: Generally 3 month-penalties
• Convertibility
DISADVANTAGES
• Must pay attention to variable rates
• Rates can sneak up and then your mortgage payment can be higher than you had expected
Robert Floris is a Mortgage Broker. His office is located at 651 Fennell Avenue East in Hamilton, Ontario. If you would like to speak with Robert, he can be reached at 905-574-9200 #215. Alternatively, you can contact Robert here.
If you would like to apply for a mortgage online, please follow this link.
If you would like to see our Google reviews or leave one yourself, you can do so here.