The Victoria B.C. Mortgage Blog

Designing a Mortgage That's Right For You!

What is a fixed rate mortgage?
January 23, 2015 @ 3:55 PM by: The Mortgage Designers

The interest rate on a fixed-rate mortgage is set for a pre-determined term - usually between 6 months to 25 years. This offers the security of knowing what you will be paying for the term selected.