By Canadalend
Hi there,
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.
Should you have any other mortgage related questions or if you are interested in getting in touch with one of our knowledgeable agents, please feel free to contact us at any time.
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