2024 stands as a critical year for Canadian mortgage holders facing the monumental decision of choosing between a fixed-rate or variable-rate mortgage. With whispers of potential interest rate cuts on the horizon, making an informed choice has never been more crucial. Alex McFadyen, renowned as The Mortgage Pug and a leading Mortgage Advisor at Flow Mortgage Co., dives deep into this pivotal topic, ensuring you're well-equipped to navigate this year's mortgage landscape.

In this essential video, we explore:

🛠 How Fixed Rate Mortgages Work: A straightforward breakdown of fixed-rate mortgages and their predictability in payments.
🧐 3 Key Considerations for Fixed Rates: Delving into the crucial aspects you must ponder before locking in a fixed rate.
📉 Understanding Variable Rate Mortgages: An insight into the workings of variable-rate mortgages and their potential benefits.
🤔 Evaluating Variable Rates: Factors to weigh when considering the flexibility of a variable rate.
🔄 Making Your Decision: Practical tips and expert advice on deciding which mortgage type best suits your financial goals in 2024.

As the Canadian mortgage landscape braces for potential shifts, being armed with the right knowledge is paramount. Whether you're on the verge of renewing your mortgage or stepping into the housing market, Alex's guidance is tailored to help you make a choice that aligns with your financial outlook and objectives.

🎙️ Make sure to check out our brand new podcast, "The Flow: Real Estate & Money Show" wherever you listen to podcasts. https://podcasters.spotify.com/pod/sh...

🌐 For detailed insights and tailored advice for the Canadian market, don't forget to visit https://www.getflowmortgage.ca/. And, if this content lights a bulb for you, give us a like, share, and make sure you're subscribed to Flow Mortgage Co.

For daily content make sure to follow us on social media!
Facebook/Instagram/Threads: @flowmortgageco
Alex's Facebook/Instagram/Threads: @themortgagepug

Timestamps:
0:00 The Decision Facing Many Canadians
0:59 How Fixed Rate Mortgages Work
2:12 3 Things You Need to Consider with a Fixed Rate
3:10 The Scale of Flexibility
3:48 How Variable Rate Mortgages Work
4:01 Things You Need to Consider with a Variable Rate
5:02 Benefits of the Variable Rate
5:28 How To Decide Between Fixed or Variable
6:00 Alex's Suggestions