Current Mortgage Rates in Hamilton – Access Mortgage
Finding current mortgage rates in Hamilton can be a tricky task if you do not know where to look. Many banks do not publish the best interest rates available, but the professionals at Access Mortgage know where to look and know how to find the most current mortgage rates in Hamilton for our valued customers. At Access Mortgage, we specialize in working with clients that have bad credit, no credit or are self-employed with unprovable income. We are confident that we can offer our clients current mortgage rates in Hamilton the best mortgage rates available that meet their individual needs.
The decision of whether to go with a fixed rate mortgage or a variable rate mortgage is one of the most complex ones in mortgage financing. This depends on various factors such as the person’s risk tolerance, ability to absorb interest rate shock, anticipated changes in interest rates and personal preferences. Before we start to examine which mortgage type is best for current mortgage rates in Hamilton, let’s take a look at the differences between them.
Fixed vs. Variable – Which is Better for Current Mortgage Rates in Hamilton?
The rates for variable rate mortgages tend to be lower compared to fixed rate mortgages to compensate mortgagors for taking on the risk of interest rate fluctuations. When interest rates are expected to significantly increase, you might be better off with a fixed rate mortgage; in this case, locking in a fixed rate before rates (including variable mortgage rates) start to rise makes more sense. On the other hand if mortgage rates are expected to start falling you will likely be better off having a variable rate mortgage. Another factor is the spread between fixed and variable rates. If the spread between the two is small than the risk of going with a variable rate mortgage might not be worthwhile, and vice versa. The issue is that it is extremely difficult, if not impossible, to accurately predict interest rate movements and rates often reflect future rate expectations already.
For more information about current mortgage rates in Hamilton, schedule a call with one of our professionals at Access Mortgage. We have the Access knowledge and access to lenders that you need! Reach us at 1-844-397-3780 or by filling out our contact form.