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.
That’s right, we’re telling you not to sign your bank’s renewal letter, even though it’s so easy to do! Here are 5 reasons why you should force yourself to set fire to your mortgage renewal letter, or at the very least recycle it.