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Warning: Mortgage interest is rising - Bank of Canada Increasing Rates multiple times during 2022. Is the Fixed rate or variable rate mortgage the best way to save mortgage interest when signing a new mortgage? I will share my thoughts on how to pay down the mortgage interest fastest by choosing either 15 or 30 year mortgage, fixed or variable and what I have done to become independently wealthy. The interest rate rose by 0.5% earlier this year and the expectation is that it will continue to rise in the next announcement in April of 2022. 💰 Join the members only chat room: / drawbridgefinance 📈 Purchase Custom Spreadsheets: https://www.etsy.com/shop/drawbridgep... 💰 All my links: https://www.linktr.ee/drawbridgefinance ▬ Discount to Seeking Alpha Only $99/annually ▬▬▬▬▬▬▬▬▬ ►https://link.seekingalpha.com/2RSPJ5/... ▬ BROKERAGES I USE ▬▬▬▬▬▬▬▬▬ ►Interactive Brokers: https://www.interactivebrokers.com/mk... ►Wealthsimple Trade for CANADIANS: Get the cash equivalent of two free stocks https://my.wealthsimple.com/app/publi... ▬ CONTENTS ▬▬▬▬▬▬▬▬▬▬ 0:00 Intro: Bank Rates are increasing 0:59 Weekly Options trades results 1:27 My other popular mortgage videos 2:45 Sharon Kozicki Deputy Governor of Bank of Canada 4:10 Historical Interest Rates USA and Canada 6:52 Mortgage Repayment Calculator Spreadsheets 7:54 Fixed or Variable pay down a mortgage faster 10:13 15 year vs 30 year mortgage Fixed Rate 12:15 Variable Rate Mortgages ▬ Link to Original Video ▬▬▬▬▬▬▬▬▬ ► Bank of Canada: Sharon Kozicki: • Speech by Deputy Governor Sharon Kozicki /... ▬ GREAT FINANCIAL BOOKS ▬▬▬▬▬▬▬▬▬ ► Unlucky Investor’s Guide to Options Trading(Pre Order): https://amzn.to/3ETWQpa ► Think and Grow Rich: https://amzn.to/2t285sL ► The Wealthy Barber: https://amzn.to/2sW9XTM ► The Millionaire Next Door: https://amzn.to/2HB6DTk ► Rich Dad Poor Dad: https://amzn.to/2y5rD4S ► Getting Started in Options: https://amzn.to/2LEJzWe ► Smart Couples Finish Rich: https://amzn.to/2Eu1qgr ► The Automatic Millionaire: https://amzn.to/2HcC5KU ▬ Cameras ▬▬▬▬▬▬▬▬▬ ► My New Canon RP: https://amzn.to/3mQwkqf ► My New Canon 35mm Lens:https://amzn.to/3mRmg0d ► Canon 80D: https://amzn.to/2HxdGNL► Canon EF-S 18-135mm: https://amzn.to/2FhwsXd ► Canon EF 50mm: https://amzn.to/2UyB5HM ► Canon EF 100mm: https://amzn.to/2SnOjEG ► Canon EF-S 10-18mm (VLOG Lens): https://amzn.to/2HuQ6B4 ▬ Live Stream Gear: Video ▬▬▬▬▬▬▬▬▬ ► Atem Mini Pro: https://amzn.to/3zRhJjA ► Glide Gear Teleprompter: https://amzn.to/3FSYnNl ► Elgato Stream Deck XL: https://amzn.to/3FMYV7t ► Iphone Lightening HDMI Adapter: https://amzn.to/3qLoVKh —— As an Amazon Associate I earn from qualifying purchases —— Subscribe to Drawbridge Finance on YouTube: https://www.youtube.com/c/Drawbridgef... My primary investment strategy is long term high yield dividend investing, index funds and reducing risk and exposure using options. I have been actively trading the stock market for over 25 years and have built most of my wealth by reinvesting my dividends and following my 14 Personal Rules of investing. I actively trade options on both the American and Canadian Stock exchanges using options strategies and buying and holding high yield dividend paying stocks. I generate monthly income in two ways. Averaging more than an annual 7% return by collecting dividends on high yield dividend stocks that I hold. The second income stream comes from the selling of option premium and taking advantage of theta decay. I love trading strangles, Iron condors and diagonal spread for maximizing returns. Delta neutral strategies allows me to make money in both bull and bear markets and limits my risk. Both of these strategies are suitable for passive income and create a stable predictable safe passive monthly income. Want to learn how to trade stocks and make more money? This channel is dedicated to increasing investment returns and building wealth by passively trading in the stock market. If you’re tired of poor performance then make sure you subscribe to Drawbridge Finance https://www.youtube.com/c/Drawbridgef... I produce weekly videos for the beginner trader and use simple explanations to learn how I buy and sell stocks for profit. Let’s Get Rich Together Levi Woods Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. I receive a small commission from the purchase of any item from using the links listed above. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. #mortgage #housingmarketbubble #LetsGetRichTogether