Our mortgage is up for renewal in a couple of months; given all the political and economic uncertainty at the moment, does going for a 5-year fixed over a 2-year fixed make sense? Best rates we can get seem to be about 2.29% vs 2.04% respectively, but the 5-year fix will entail doing the income assessment dance again, so a bit of a pain.
Our mortgage is up for renewal in a couple of months; given all the political and economic uncertainty at the moment, does going for a 5-year fixed over a 2-year fixed make sense? Best rates we can get seem to be about 2.29% vs 2.04% respectively, but the 5-year fix will entail doing the income assessment dance again, so a bit of a pain.