Fixed rate mortgage or variable rate mortgage?

[totallyproperty]

When looking to arrange a mortgage will you consider a fixed rate mortgage or a variable rate mortgage? This is a question which is often asked by those looking to acquire property and while interest rates around the world are relatively low, they will move higher in due course. As a consequence, the question of whether you should choose a fixed-rate mortgage or a variable rate mortgage will become more important than ever.

 

[Ron0]

If interest rates are high and expected to fall,then variable rate mortgage is important.If interest rates are climbing or a steady, predictable payment is important to you,then fixed rate mortgage is better......