Why you should consider a variable rate now even if the worst case increase happens (Nov 2021-2026)

After our National CTV News appearance this week to over 1 Million Viewers...I elaborate on our 10 seconds of fame. I will walk you through why you should consider a variable rate now even if the worst case increase happens from November 2021-2026. Make your own calculations with the excel template I used here: https://bit.ly/fixedvsvariablecrystalball *Obvious disclaimer: Make your own conclusion and weigh that with your risk tolerance and life circumstance. Timestamp: 1:03 Reviewing the big picture on the last decade of prime rate changes 1:48 How you can save big on variable vs. fixed from Nov 2021-2022 3:38 If the prime rate goes up 1% then you neither save or lose - Nov 2022-2023 4:38 What if the worst case scenario happens? Nov 2023-2024 5:50 If the worst case scenario continues from Nov 2024-2026 - Switch to a fixed rate for free - You might still be better off if you break your mortgage on a fixed term 8:26 Conclusion and an invitation for discussion! The full mortgage rate increase story on CTV: https://www.ctvnews.ca/mobile/video?clipId=2310138# Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe Email Paul to Level Up your mortgage planning: paul(at)levelupmortgages.com Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ + Get immediate answers without needing to talk to a human 🤖 http://bit.ly/MyMortgageBot + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + TikTok with us if you want to “edutainment” 🎥 https://www.tiktok.com/@levelupmortgages?lang=en + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog