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The amount you pay for a home may change as interest rates rise. Understanding how to budget for a home purchase during an increase in mortgage rates is crucial. Shirin Teimoory is here as a BMO mortgage specialist to help you easily know all the details and decide what is best for you.
You can find a mortgage that suits your budget by reviewing your options with a mortgage specialist. To determine whether a variable-rate mortgage or a fixed-rate mortgage is better for you, you can also compare mortgage rates online. Recall that BMO provides fixed rate mortgages with a 130-day mortgage rate guarantee. If rates increase tomorrow, you won’t be affected if you lock in your rate today
Click to read the article A Comprehensive Guide on How to Get a Mortgage.
There is no one-size-fits-all mortgage. Understanding every option available to you, including fixed rate, variable rate, and others, is essential to selecting the one that’s best for you and your particular circumstances. Shirin Teimoory a BMO mortgage expert is here to assist you in selecting the best option for your needs, your lifestyle, and the state of the market.