As we enter the halfway point of the year, here is an update of three key points to keep in mind:
- The Bank of Canada meets next week, and while they may hold, we recommend bracing for another potential hike before the year ends based on inflation numbers.
- If you are up for renewal or considering a purchase don’t delay reaching out for a rate hold as we have seen fixed rates move up already with some lenders and planning is your key to saving money. Also, download our app to test modifying your payment schedule.
- High Interest Saving Accounts are a great way to have your money 100% protected, liquid, and earning interest while you sleep. It’s also the best way to utilize your prepayment privileges as it stretches your dollar, further assisting with paying down your mortgage faster as any additional payment is applied directly to your principal. I recently opened an account myself for my own mortgage prepayment strategy through one of our financial planning partners and got a way better rate than the banks were offering.
If you would like to learn more, reach out to our team with the best email and phone number to reach you at and we can make an introduction for you.
The Angela Calla Mortgage Team
Angela Calla is an 19-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 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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