Mortgage Advice, Mortgages
Which Is Better : 3-Year vs 5-Year Mortgage Term?
On June 5, 2024, Bank of Canada slashed interest rate by 0.25% for the first time in 4 years. It currently sits at 4.75% and homebuyers expect the rate to continue dropping over the next couple years. With this hope, some are considering a 3-year mortgage over the Canadian norm of 5-year mortgage term. If […]
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