Hi Guys
It is great to be here and i need advise from smart people outhere.
I want to know that this time We should go for Variable or fixed rates
b'coz I have been told that i should go for variable and when the rates
would be more lower than I could lock it up.
So it will be good practise or not.
Help me out Guys.
thanks in advance

I assume you are starting a new mortgage.
So the question to ask yourself is where do you expect the rates to go 3 years, 5 years from now.
In general, if rates are expected to reduce over the course of next 5 years, variable works out better.
If rates are expected to increase over the course of next 5 years, fixed works out better.

However, if your mortgage principal is very small and you expect to pay it off within a year or so, go for variable open and not fixed.

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