Leah Zlatkin quoted in the Financial Post: ‘Pros and Cons of Fixed Vs Variable Mortgage Rates’

“For somebody looking at buying a home, you have a couple of considerations to make. The first consideration you want to make is what is the longeivity of your risk?” Says Leah Zlatkin Mortgage Broker and COO at Mortgage Outlet while talking about fixed vs variable mortgages.

“For somebody looking to buy right now, I’m certainly not recommending variable right now. So at this point in time what I’m usually telling clients is that you either want a 5 year fixed if you want a lot of stabilitity or my personal preference would be for people to go with a 2 or 3 year fixed. The reason you’re going to want to go for a 2 or 3 year fixed is because it’s going to offer you that security and shelter for the next 2-3 years so hopefully to ride out this volatile rate environment.”