Edwin Popovitch - Yves Rigaux
CBFA insurance brokers: 40086A
CBFA credit brokers: 045740A

The first years at fixed rate then revisions every 5 years

You will determine yourself the first period (from 5 to 24 years) during which the rate will not fluctuate, and this, depending on the monthly repayment that your are ready to make and the risks of rate variation (decrease as well as increase) that you are ready to accept. After this, the rate will be reviewed every five years depending on the change of rates in the financial market.
This type of rate is a good compromise between a calculated risk taking and a reduction of the monthly repayment.

Revision every 3 years

The first fixed period is 3 years. Subsequently, this rate is reviewed every 3 years. This is the least expensive option but also the riskiest in terms of rate variation.
The choice is yours ...
Note: Options with higher variability also exist but are to be studied carefully since they have some risks.

Portions

Portion < 1 0 0 %
As a reminder, the portion is the ratio between the borrowed capital and the assessed value of the property held as security.

 Portion = or > 1 0 0 %
It is possible for you to borrow the notary charges at the same time as the property purchase price. In this case, the portion often happens to be more than 100% (of the property value). Some institutions thus allow you to borrow up to 125% of the monetary value of the property. As a result, the rate appears increased.