Should You Renew Early Or Wait ?
We believe everyone who has a mortgage that will be renewing in the next year or so should absolutely be asking this question. Yes early renewal can mean a penalty but waiting can mean higher interest rates. So what do you do? Seek our assistance and we can go over your specific situation to find out if it makes sense for you to break your term and take advantage of today’s interest rates. Below are examples of both fixed and variable rate terms that can help you see the benefit to early renewal. Remember that these are just estimates however our clients that have opted to pay a…