Are there pitfalls to the “early mortgage renewal”?
The Globe & Mail highlights six excellent points to consider.
- Consider ALL switching costs and savings
- Consider the risk of rising rates
- Don’t overestimate the risk of rising rates
- Factor in the hassle element
- Shop around (or use a mortgage broker!)
- Don’t succumb to pressure tactics
Lots of great information in this article so be sure to check it out.
The best mortgage plan is one that is developed by assessing your goals and life stage. The Angela Calla Mortgage Team will help you personally call us at 604-802-3983 or email callateam@dominionlending.ca