August 16, 2018

Have You Ever Worn Two Different Shoes or Boots??

boots1Monday I was at my Master Mind group and something made me look at my feet and guess what, I was wearing 2 different boots!! They were both black leather but definitely not the same. Well, we had quite a laugh about that and thank goodness I wasn’t going on any client visits. After we finished laughing and joking, someone said I should write a blog about my little blunder. For some reason it reminded me of mortgage products. Fixed and Variable rate mortgages are like my boots, both are like black leather but definitely different.

I have been in numerous discussions with clients lately should they take a variable rate and take the risk? Should they take a fixed rate and be prepared for the worst? And if so, should they take a 5 or 10 year term? Will rates go up over the next couple of years or will they remain constant? It really is personal choice and if you are financially comfortable if the payments were to increase. Do a budget and cost projections, trust your instincts and choose what is going to let you sleep at night.

And rest assured that when you are rushing in the morning and put on 2 different shoes, no one will notice and you can share a laugh with colleagues.

Colleen Saunders is a 20 year veteran in the mortgage industry, serving Mississauga, Burlington, Oakville and Toronto and offering all mortgage related services such as 2nd mortgages, private mortgages and more.

To contact Colleen, please fill out the form on our site or call 416-459-2406

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