Mortgages come with several different options. Open or closed, fixed or variable. This video will explain the differences so you can make an informed choice.

The video will answer the following:

• What is the difference between fixed and variable rate mortgages?
• What is the difference between an open and a closed mortgage?
• What do most First Time Buyers choose when getting a mortgage?

Variable vs Fixed Quiz

Tags: fix rate mortgages, mortgage interest, mortgage loan, mortgage rates, Mortgages, Scott Peckford, variable rate mortgages