Question

If you are buying a home, it is usually best to choose a fixed mortgage __________________.

A: If you plan to rent it out
B: If you plan to stay there a short time before moving again
C: If you plan to stay there many years
D: If you plan to have a large family

Answer 1

It’s C. “If you are planning to stay in your home for at least 5-7 years, and want to avoid the potential for changes to your monthly payments, a fixed-rate mortgage is right for you.”