ACCOUNTANT EXPLAINS Should you choose Fixed or Variable Rate | Mortgage Renewal 2025 [3EDXfj9akm0]
Fixed vs. Variable Rate Mortgage Template ➡️ 00:00 Intro 00:49 Consideration #1 Renewal Process 02:07 Consideration #2 Appetite for Risk 03:07 Consideration #3 Prepayment Penalty 05:02 Calculate whether Fixed or Variable is for you 06:26 Part I: Difference in Payments 13:26 Part II: Prepayment Penalty 16:15 Part III: Variable Rate Sensitivity Analysis Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation. ________________________________ MY FAV TOOLS [QUESTRADE] Earn💰$50 Trade Rebate when you sign up: [WEALTHSIMPLE] Earn💰$25 Cash Reward when you sign up & fund a Wealthsimple Account: ________________________________ FREE RESOURCES ➡️FREE BOOKKEEPING TEMPLATE ➡️FREE BUDGETING TEMPLATE ________________________________ CONNECT WITH ME 💼 Tax & Accounting Services: 🌍 Blog: 📸 Instagram: @GabrielleTalksMoney ________________________________ WHO AM I: Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips. ________________________________ *This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).