
Back to learn
How do interest rates affect my mortage?
Rounding it up
Mortgage loans are available to help people finance their home purchase. Like any loan, they come with an interest rate that adds to the total cost of a loan over its lifetime.
Mortgage interest rates can vary for each borrower and house. It depends on factors like credit scores, market conditions, and government policies.
You can choose between a variable mortgage interest rate, which can change over time, or a fixed one, which will not fluctuate.
While tempting, lower mortgage interest rates are not always the best choice; consider all options and do your research to ensure you’re locking it the best mortgage situation.
Related articles

How much is a mortgage downpayment in Canada?
5 mins
Yekaterina GalanovaThe down payment is the amount of money you put down towards a mortgage loan when buying a house. The standard down payment for a mortgage in Canada is 20% but can be as low as 5% or as high as 35%.
How much is a mortgage downpayment in Canada?
5 mins
Yekaterina Galanova
The down payment is the amount of money you put down towards a mortgage loan when buying a house. The standard down payment for a mortgage in Canada is 20% but can be as low as 5% or as high as 35%.
#mortgage
#savings
#budgeting

Can international students get a bank loan in Canada?
6 mins
Ryan SeveranceHitting the books in Canada? Here’s what international students should know about loans, scholarships, and grants when studying abroad here.
Can international students get a bank loan in Canada?
6 mins
Ryan Severance
Hitting the books in Canada? Here’s what international students should know about loans, scholarships, and grants when studying abroad here.
#student
#university
#international student
#loan

Can I use my RRSP to buy a house a second time?
6 mins
Dan BuchererLooking to free money from your retirement account to purchase a home...again? Learn why this strategy may not be your best option.
Can I use my RRSP to buy a house a second time?
6 mins
Dan Bucherer
Looking to free money from your retirement account to purchase a home...again? Learn why this strategy may not be your best option.
#home
#home ownership
#RRSP
#home buyer incentive

What is the first time home buyer incentive in Canada?
5 mins
Dan BuchererFree money! Not really. But this incentive is as close as it gets to free money, as long as you understand the associated responsibilities.
What is the first time home buyer incentive in Canada?
5 mins
Dan Bucherer
Free money! Not really. But this incentive is as close as it gets to free money, as long as you understand the associated responsibilities.
#first time home buyer incentive
#home buyer incentive
#home ownership
#mortgage

How can I buy a house with no down payment in Canada?
6 mins
Dan BuchererZero down payment mortgages sound too good to be true because they often are. Learn why this option may be more trouble than they’re worth.
How can I buy a house with no down payment in Canada?
6 mins
Dan Bucherer
Zero down payment mortgages sound too good to be true because they often are. Learn why this option may be more trouble than they’re worth.
#mortgage
#down payment
#home ownership
#loan

Can new immigrants buy a house in Canada?
9 mins
Gaby PilsonNewcomers can buy a home in Canada, but you need to meet a few requirements first. Here’s what you need to know to secure those keys.
Can new immigrants buy a house in Canada?
9 mins
Gaby Pilson
Newcomers can buy a home in Canada, but you need to meet a few requirements first. Here’s what you need to know to secure those keys.
#home ownership
#mortgage
#newcomer
#home