Hello! I'm not sure I have the right forum but thought I'd start here and see where that goes.
I am new here. I was referred to this community by my brother. I've a keen interest for RE investing and am doing lots of research in the market where I live in Langley - just outside of Vancity. I have been incredibly blessed to have the opportunity to 4 rental properties cash flowing in MB (where I grew up) - my father manages these for me.
My wife and I are in our 20's and are looking to purchase our first "home." While we would REALLY like to purchase an actual "house," it is unfortunately unrealistic in this market in the Fraser Valley. We our looking at townhouses in the $300K range.
My question is, what type of rate should we be looking at for our mortgage - fixed or variable? I've seen some threads on this but thought I would start another one as the interest rate has been in the news lately.
Much Appreciated
Curtis
I am new here. I was referred to this community by my brother. I've a keen interest for RE investing and am doing lots of research in the market where I live in Langley - just outside of Vancity. I have been incredibly blessed to have the opportunity to 4 rental properties cash flowing in MB (where I grew up) - my father manages these for me.
My wife and I are in our 20's and are looking to purchase our first "home." While we would REALLY like to purchase an actual "house," it is unfortunately unrealistic in this market in the Fraser Valley. We our looking at townhouses in the $300K range.
My question is, what type of rate should we be looking at for our mortgage - fixed or variable? I've seen some threads on this but thought I would start another one as the interest rate has been in the news lately.
Much Appreciated
Curtis