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Should You Choose a Fixed or Variable? One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is “fixed” throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.
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Rayanne from CML Canadian Mortgage Lender Answered this on March 06, 2018 None of the following advise should be a surprise for you. It has been offered many times by financial advisors, bankers, credit specialists, etc. Number one is track your expenses.
What is a certified mortgage lender (CML)? The Certified Mortgage Lender (CML) designation is a certification program that was created by CMLA to demonstrate to consumers and business associates a high level of individual competence, expertise, as well as a dedication to mortgage lending as your chosen career.