Episode 107 Transcript – 50 percent fixed and 50 VRM mortgage

Good morning! This is Jessi Johnson live from his driveway. I’m here with my mommy. We are, as you can see, packing for a big, big trip. There’s a lot of stuff and there’s only two of us and how long are we going for? [One night!] Terrible. [We'll be very comfortable.] We will be very comfortable! Enough to last us for a good week. Before I get packing, my only financial tidbit of the day is, if you were to get a mortgage today would you take a fixed or a variable? [A variable.] You would get a variable? [Yes.] Do you have a reason behind that? [Yes because you have one!] Because I have a variable she’s going to take a variable. A lot of people right now are very indecisive on fixed or variable so my suggestion is we have what’s called a 50/50, which is half variable and half fixed so you get to play both worlds. If you are someone who likes to take a bit of a risk with a variable but also likes a bit of security this might be a good option for you. You can reach me at www.firsthomeinfo.ca or www.jessijohnson.ca. Own your life! I’m going to go help my mom pack. Say goodbye. [Adios!]