What would happen should interest rate rise?
When choosing your mortgage term, you should consider all the term options and select the one that best suits your financial situation. If increases in interest rates are a concern, then choosing a longer-term mortgage would give you the consistency in payments you need over a longer period of time. For multiple unit investors, there are different strategies they can employ, such as staggering the maturity of each mortgage. This reduces the risk of renewing all your mortgages at once should interest rates rise.
