April 4, 2012 - We all know I am the Queen of variable mortgages! I love them more than anyone else but NOW is the time to get locked in! I say this not because of the current ridiculously low interest rates but because of limited money available. When your term is up the bank can call the balance of your mortgage! If you have to re-finance in the future, do it NOW! Mark my word - it will become harder and harder to re-finance in the very near future! You have to watch what is happening on a Global stage to determine what is going to happen in your local market. The butterfly effect is very real - all markets are connected on some level.
Lake Okanagan Realty