If you're on the fence about whether or not you should choose a variable or a fixed interest rate, then this is the article for you.

On my last post, we talked all about variable interest rates, the two different kinds that you can obtain, and the important features that you need to be aware of if you're going to choose a variable interest rate.

With that in mind, a lot of people are still on the fence about whether a fixed or a variable interest rate is right for them as for each individual situation, the choice is going to be different.

So, today's article is dedicated to fixed interest rates, the important things you need to know about them, why you might choose one, and the important features and differences between one lender and the other when it comes to fixed interest rates.

If you're thinking about taking a variable interest rate, you're going to want to read this blog post. With the prime rate dropping, variable interest rates are coming back into the fold, and a lot of homeowners and first-time buyers are beginning to inquire about taking on a variable interest rate instead of the fixed. Now there is some risk involved in taking on a variable, but there's also some important features that we need to know about if we're going to consider a variable interest rate. So let's dive in.     To begin, what a lot of Canadians don't know is…