With mortgage rates still hovering at historic lows, chances are you’ve considered breaking your current mortgage and renewing now before rates begin to rise.
Perhaps you want to free up cash for such things as renovations, travel or putting towards your children’s education? Or maybe you want to pay down debt or pay your mortgage off faster?
If you’ve thought about breaking your mortgage and taking advantage of these historically low rates, feel free to give us a call or send us an email to discuss your options.
As most of you are already aware, there have been numerous changes to the mortgage rules in Canada. The government has actually made a change every year for the past 4 years. With all the changes, also comes confusion and miss-communication. The last rule of course was the change in amortization and refinance equity required.
Over the last few weeks, we have received several calls from first time home buyers and also repeat buyers (existing home owners looking to sell their home and purchase another home) on what is the minimum required down payment.