Posted On Jan 07, 2025

Did you know? -the biggest mistake home owners make while renewing their mortgage is signing whatever their existing lender gives them.

-Over a million mortgages are up for renewal in 2025, home owners are likely to face inflation with respect to other costs of home ownership besides increased interest rates.

-Honest advise is to work with a mortgage broker, let them go to work for you and shop the mortgage market to get you not only the best rate but also the best terms for your situation.

 

Source:https://toronto.ctvnews.ca/canada-could-see-a-wave-of-mortgage-renewals-in-2025-here-is-how-some-homeowners-plan-to-navigate-the-payment-shock-1.7156004?utm_campaign=Daily%20News&utm_medium=email&_hsenc=p2ANqtz-_E5tsPeCJOWXr0xIoGReVGC4HEOj5_CNS5SUgfd3HkeXY5uS5QcUsr91pfoyfwq_B2ghYKYZwzSt0-5saeiel7E4BH9Ckms8DOaSCYgvoHgNoth_s&_hsmi=341413168&utm_content=341413168&utm_source=hs_email