Join Greg from My Mortgage as he breaks down the differences between fixed and floating mortgage rates, helping you understand which option might suit your financial situation best. Greg explains that fixed rates offer stability with a set interest rate over a specified period (typically 6 months to 5 years), but warns about potential break fees if plans change. On the other hand, floating rates, although generally higher, provide flexibility to pay off larger sums without penalties. Whether you prefer consistency or flexibility in your mortgage repayments, Greg provides valuable insights to guide your decision-making process. If you're considering your mortgage rate options, this video offers essential information to help you make an informed choice.
24 июн 2024
