If you’ve followed along since January, you’re now eight months into your debt free journey! But high interest could be holding you back from erasing all your debt before the curtain closes on 2016. Read on to find out what you can do to lower your interest payments and speed up your repayment timeline.
Is it a good idea to refinance your mortgage? Given the penalties for breaking a mortgage, it’s not always clear if you’ll save – here’s how to tell if refinancing is for you.
Is it a good idea to renew your mortgage early? Many banks are taking advantage of today’s record low rates, and are sending tempting early renewal letters to borrowers. Locking in for lower can certainly save you a bundle – but are you losing out on even greater savings?
The latest consumer survey from CMHC finds mortgage renewers are the most loyal to their lenders – 86% of them stayed with their bank once they already had their mortgage in place. Check out the survey’s top consumer highlights.
Your mortgage term is coming to an end which means your mortgage is up for renewal and it’s time to re-negotiate your rate (groan). Trust us when we say, look at this time as an opportunity. Here’s our steps to prepare you for your mortgage renewal, so that you’ll get through it like a pro (and hopefully with some savings in hand!).