Being a mom has shaped the way I do everything...not just at home but in my work, as well. It has helped me understand the depths of commitment that my clients have to their families. As a mortgage specialist, I have the privilege of helping people achieve their dreams for their families. I'm so grateful to be able to offer people the advise and information they need to make reaching their goals as simple as possible. My purpose with this blog is to provide tools that will help new or current homeowners reach whatever goals they have set for themselves. If you have ideas you'd like to hear about, let me know.

Saturday, 7 May 2011

Concerned about mortgage interest rates? Consider the security of a fixed rate mortgage

Your home is one of the most exciting and important investments you’ll ever make. Don’t let mortgage interest rate concerns get in the way. Instead, put your mind at ease with the security of a fixed rate mortgage.

Security that’s locked in
As the name implies, a fixed rate mortgage offers a specific interest rate that is fixed or locked in for the term
of the mortgage. It means you’ll know exactly what to expect, including:
> The interest rate of your mortgage
> The amount of your regular mortgage payments
> The portion of your payment that goes toward principal and interest
> The amortization of your mortgage (or how long it will take to pay off)
And the longer you are locked in, the more you’ll be protected from potential interest rate increases over the term of your mortgage.

Read the rest of this article at the RBC Advice Centre and found out if a Fixed Rate Mortgage is right for you.
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