Logo-Andrew-Thake
Menu

Variable mortgage payment amount and amortization

blog-hero

If in a variable rate mortgage, when prime rate changes your payment or your amortization will be affected.

When prime changes, some lenders will increase or decrease your payment and other lenders will increase or decrease your amortization and your payment will stay the same.

If you have a preference, please let me know prior to your mortgage application being submitted to a possible lender.

Return to the important information page

Why not make your mortgage experience a comfortable one?

Book an Appointment
Icon-Andrew-Thake