Excellent question, when it comes to getting a variable rate for a mortgage in Toronto, here are a couple of things to keep in mind.
- In order to get a variable rate mortgage in Toronto you simply apply at any financial institute
- Variable mortgage rates fluctuate with market interest rate, known as the prime rate and is usually stated as prime plus or minus a percentage amount.
- With variable rate mortgages the rate you pay fluctuates
I hope this has offered some more information regarding variable mortgage rates.
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