If you’ve been shopping for a mortgage, you’ve likely come across the terms ‘variable rate’ and ‘adjustable rate’ and wondered, aren’t those the same thing? It’s a common question I hear from clients, and honestly, it’s a fair one. The two products are closely related, but they work quite differently in practice, and choosing the … Continue reading Variable Rate vs. Adjustable Rate Mortgages: Pros, Cons, & How Prime Rate Affects Your Payments