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Should You Lock in a Variable Rate Mortgage or Ride the Waves?

General Angela Calla 10 Nov

Can I afford my payments comfortably today?

Taking a look at where we are today will help us prepare for inflation and protect you from being vulnerable. You may be able to modify your payment or find savings within a budget review.

Can I afford to increase my payments now even if rates do not go up?

We always recommend tacking on inflation by making small periodic increases to avoid future payment shock and protect your equity to empower you.

Am I living pay check to pay check?

If you are, maybe this is because of debt outside of your mortgage, breaking your mortgage early to pay out that debt can save you hundred or thousands of dollars per month and turn the tables for you to invest more into your own retirement instead of debt effectively.

Is there a remote possibility I need to break my mortgage term in the next 1-5 years?

The truth is, 4/10 people break their mortgages early, which is why the VRM is SO attractive since you will only pay 3 months interest. People say life is variable so your mortgage should be too.

Does my mortgage keep me up at night?

We all have an emotional connection to the decisions we make financially. Having the best mortgage means you feel confident in your decision as you were educated about the options available, had the power of choice by an unbiased party, and you’ll know you made the best decision for your family. Sometimes, the lender you have your mortgage with will vary greatly in penalties. With a variable rate, you can always lock in, however, there is a cost of security and it’s usually a higher penalty in most cases – if you need to break early.

We are here to help you determine what makes most sense for you. Contact us at 604-802-3983 or Email us and we will help you navigate the current rate market.

Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at or at 604-802-3983.

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