Recently, Angela was invited to speak on The Jill Bennett Show in light of the recent Bank of Canada announcement. We can breathe a sigh of relief as there was no rise in interest rates. But that’s not to say we shouldn’t stay vigilant. The rates are sure to increase this year, and this means now is the time to make the most of these historic low rates and use them to your advantage.
We have gotten many concerned clients call and ask if they should lock in their variable rate, in preparation for the eventual increases. While this can be the way to go, depending on your personal comfort level, our goal is to try and lower that principal amount. A way to relieve some of that tension is to pay that variable rate as if it were a fixed rate, so when the increases do finally come, the change will still be lower than what you pay. As historically, the Bank of Canada will only raise the interest rates by 0.25%. That’s only equivalent to a $13 increase per 100K in your mortgage!
More is discussed in the actual interview, so if you have seven minutes to spare, we do recommend giving it a listen. Knowledge is power, and we want to ensure you are equipped with the right tools to navigate the market in these trying times.
We also have an upcoming webinar this month on protecting yourself during the time of rising interest rates. So, if you or a loved one have an upcoming mortgage renewal or are looking to utilize home equity to consolidate debt, join us on February 24, at 7:00 PM!
Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages.
In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.
Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at email@example.com or at 604-802-3983.
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