FIXED VS VARIABLE RATE MORTGAGES FOR CONTRACTORS: WHICH IS BEST?

When choosing a mortgage, contractors must decide between a fixed or variable interest rate. Each option comes with its own benefits and risks, and the right choice depends on your financial situation and risk tolerance. 1. What Is a Fixed-Rate Mortgage? A fixed-rate mortgage locks in your interest rate for a set period—usually 2, 3, or 5 years