According to Mortgage Professionals Canada, 23% of Canadian mortgage holders will renew their mortgage within the next year, and 50% will renew within two years. […]
The increase in the Banak of Canada Prime rate over the past 20 months, aimed at tackling rising inflation, has left numerous Canadians cash-strapped until the anticipated lowering of the Prime rate in 2024. So what can be done?
Choosing whether to refinance your existing mortgage or getting a second mortgage depends on your financial goals. If your existing mortgage has a good rate and a noticeable time left in its term, you should probably think of keeping it rather than refinancing it and getting a second mortgage instead.
It’s time to revisit your mortgage strategy. Mortgage rates are down, both on the fixed and variable sides. It’s all over social media and the news. […]