Do you have debt with a high interest rate (anything above 5% is considered high these days)? Do you plan to make a costly investment or do a home reno but lack the capital to get started? Are you stuck under a home mortgage interest rate that’s double what banks are currently offering?
If you answered yes to any or all of these questions, then it might be time to refinance your mortgage.
Refinancing your mortgage can be an effective tool to accomplish a few specific financial goals. It’s an option that every Canadian home buyer should understand. Keep reading to find out more.