Should I Refinance My Mortgage?
I think we can safely say that 2020 has been a strange year. A year of lockdowns due to a pandemic, financial support from the government, and the lowest interest rates in recent history. This has led to a rise in the number of homeowners who are considering refinancing their mortgage. According to a recent poll, approximately 20% of Canadian homeowners say they plan to refinance their mortgage in the next 12 months.
Like all financial decisions, it’s important to look at the bigger picture, which includes reviewing your goals.
First Things First -- What’s a refinance?