Burlington, Ontario · Member since 2017 · 17 posts · 4 votes
Hello everyone,
just wanted to get some opinions about what type of mortgage should i go with? i got offered and recommenced with a 5 year fixed. Its a condo i bought it more for the appreciation rather making it a rental so for that reason i dont think id be holding on to it for to long maybe 2 years?. im in canada, ontario if that helps
If you're buying a condo that you're planning on moving in 2 years, 5-yr fixed is the worst possible option. Make sure you're working with mortgage agents who invest. I can help.