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Katrina McHugh

Mortgage renewal: What’s best a variable or fixed rate?

Saturday Jul 09th, 2016

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Mortgage renewal: What’s best a variable or fixed rate?   A reader wants to help his parents and be debt-free sooner. Can he succeed with both goals?        Q: We have a mortgage on our home that’s up for renewal this month. There are 23 years left on the amortization and $288,000 left on the mortgage. Should we stick with a fixed rate at 2.35% to 2.45%, or go with a variable at 2.15%. I can’t... [read more]

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