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Could you please elaborate more on two mortgages for a single property. I have a current mortgage variable - 0.6 which I'll port to a new property. Then I would need to take additional mortgage and I'm thinking fixed 5y. Does that make sense? Or convert all right away to 5y fixed?
Commented May 12, 2009 on Fixed Mortgages: 10 Year vs. 5 Year at Mortgage Rates & Mortgage Broker News in Canada
Fixed Mortgages: 10 Year vs. 5 Year
After our 10-year mortgage story, one of our readers posed the question of how often 10-year mortgages were a better choice than 5-year mortgages. We did a study on this a few years ago and decided to update it for this story. To see how 10-year terms sized up, we: Looked at all available 5...
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