With tariffs on the horizon, no one really knows how this is going to play out, so if you must choose a mortgage now, here are some tips to help navigate that uncertainty.
1)If you are risk tolerant, variables are the more flexible option, giving you a wait and see product because of the ability to lock into a fixed rate if desired. You can choose a fixed payment variable, that keeps you in control of the payment.
2)As we brace for economic turbulence, anyone who may need more liquidity should consider adding a secured line of credit in behind the mortgage
3)For those who want to maximize cash flow, look at extending your amortization, you can always bring the amortization back down later by increasing your payments or making lump sums on the mortgage
4)Always consider the intent of the property, and how long you may hold the property when looking at term length