Quote:
Originally Posted by calgarygeologist
You should be able to convert your variable to a fixed rate mortgage at any time. I believe that most lenders allow this but you may not get a very attractive rate for your remaining term.
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Thanks, maybe I will look into it.
I remember reading before that over the course of most mortgages, it almost always is better to be variable as long as you can weather the high interest rate years (going all the way back to 1935 or something like that). Having said that, the goal is to not actually make it a 25 year mortgage.