Originally published July 14, 2022. Archived content: rates, products and lending policies discussed reflect that time.
You do not have to choose between fixed or variable. You can choose both! Advanceable mortgages allow you to slice and dice a mortgage into multiple components of varying terms and rates. For example, you can have three loan components, one as a variable, one as a fixed rate, and the third as an interest-only line of credit. Tools like this can help you hedge while offering flexibility and better options for managing your cash flow.
