Should I Refinance My Mortgage in Response to the Low Interest Rates?
You may be thinking of refinancing your mortgage given that the interest rates are unprecedentedly low. Refinancing your mortgage can help you preserve your credit score by using the equity in your home to consolidate high interest debt. This is often a great option because not only can you reduce interest, you can also reduce […]
Don’t Wait Too Long to Refinance Your Mortgage – Get Ahead of Rising Interest Rates
If you’re interested in refinancing your mortgage, it’s better to act sooner rather than later. Why? Let’s break down the reasons. New Canadian mortgage regulations are making it harder to access financing. On January 1, 2018, the Canadian government implemented new mortgage rules onto federally-regulated lenders (such as banks). These lenders now have to implement […]