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Tag Archives: mortgage rates

Renew your mortgage early

Renew your mortgage early

 

Renew your mortgage early. If your mortgage is renewing in the next 6 months, now is the time to look at locking in rates. With rates on the rise, you don’t want to wait for your bank to contact you to renew. Rates are different if you renew your mortgage or do a debt consolidation when you renew. (They’re a little higher if you do a debt consolidation). But don’t let you bank discourage you from doing that. If you feel like you’re not in a position to pay off your credit cards or lines of credit in a couple of months, then taking a slightly higher rate on your mortgage by wrapping your debts into the mortgage and then being a little more aggressive at paying down the principal on your mortgage will help you improve your family’s cash flow. You’ll feel like you have more money month-to-month and improve your credit history.

Contact us! We love helping people with technically-supported honest mortgage advice!
© Sandra Lastovic is the Principal Broker with the Mortgage Centre in Guelph. With over 15 years’ experience and holds a M.Sc. from the University of Guelph. She was recently ranked at the top 75 agents in Canada by The Canadian Mortgage Professionals annual survey and 2017 Most Influential Women in the Mortgage Industry. She can be reached at 519-763-3900 x1001 or www.skipthebank.ca™

 

 


Review and adjust monthly obligations to take the worry out of mortgage rates going up

Review and adjust monthly obligations to take the worry out of mortgage rates going up

Review and adjust monthly obligations to take the worry out of mortgage rates going up. Are interest rates increasing, adding to mounting debts? A simple affordable solution may well exist with a call to Sandra. Worried about rates going up and meeting your payments on your mortgage plus your other debts? There’s likely a good… Read More

Bank of Canada influences on mortgage rates

Bank of Canada influences on mortgage rates

A few other things to consider: Bank of Canada big picture influences on mortgage rates 1. Although the unemployment rate is at historical lows, the number of people looking for jobs is lower and wage growth is running at 2.7 per cent annually, which is below the 3.0 percent that has been consistent when there’s no… Read More

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

  Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage. When and why you should pay off your variable-interest-rate mortgage: Very often the variable-interest-rate mortgage is less than a fixed-rate mortgage. If you pay off your variable-interest-rate mortgage, you will have saved more money than if you had a fixed-interest-rate mortgage. We can help a homeowner… Read More

Negotiating a better mortgage rate

Everyone who needs a mortgage wants the best rate. However a good rate is only one way to save money on a mortgage. Adjusting payment schedules, creating flexibility on the amortization or paying-out consumer debt are cost-saving strategies often overlooked by most people. Focusing only on the mortgage rate and finding a rate that’s “too-good-to-be-true”,… Read More