Benefits of a Variable Rate Mortgage

Buyers... Have you ever wondered why someone would chose a variable rate mortgage over a fixed rate?

Here are 3 benefits* our clients and mortgage partners like to highlight:

1. Lower rate compared to fixed rate means opportunity for lower payment
2. 
   You can set your payment amount higher (say to match the current fixed rates) and pay down your principle faster than when compared to a fixed rate
3. Lower penalty amount if you happen to break your mortgage during your term. (Ie: because you sold the house).

*Note: I am not a mortgage specialist and always seek the advice of a qualified specialist before making your decision. This is merely a tid-bit to help inform you as you explore best options for you in your home buying and selling journey.*

Interested in learning more?

Scroll down to submit your real estate inquiries!

Nicole Darbaz, REALTOR®

Your Trusted, St. John’s Metro, Real Estate Expert

Darbaz Real Estate Group

Keller Williams Platinum Realty

709-691-1373

NicoleDarbaz@kw.com

MLS®