Reward Yourself with Great Rates
With an Hbc Mortgage you get a competitive mortgage rate. Securing a low rate is essential when choosing a mortgage. A low rate means less monthly interest so you can pay off your mortgage faster and own your home sooner.
Understanding mortgages
Fixed vs. variable? Short vs. long? When figuring out which mortgage is right for you there are a few key factors you must take into consideration. Here are some common terms that will help.
Fixed vs. variable?
Hbc Mortgages earn Hbc Rewards points without sacrificing the low rate.
Fixed rate mortgages are secure and stable. They range in length from 3 to 10 years and guarantee a fixed monthly payment at an agreed upon interest rate, regardless of fluctuations in the market.
Variable or adjustable rate mortgages have lower interest rates but rise and fall according to the market. So your monthly payments may vary from month to month.
Short vs. long?
This relates to the length of your term. It can be anywhere between 3 to 10 years long.
Choose a shorter-term mortgage if you think mortgage rates will drop in the near future and you do not want to lock yourself into a longer term.
Choose a longer-term mortgage if current rates are good and you want the security for your future financial planning.
