Hi there,
Considering breaking your mortgage? Now could be the perfect time.
With the Bank of Canada recently lowering interest rates and possible future cuts at the end of this month, many homeowners are thinking about breaking their mortgage to secure a lower rate.
While mortgage penalties can be costly, strategic timing might mean significant savings in the long run. In this week’s article, I break down the ins and outs of mortgage penalties in Ontario, why they vary, and how you can calculate the costs versus potential savings.
Check out the full article to learn more about how to potentially save thousands when refinancing or switching lenders.
Talk soon,
David Pipe
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Check out our featured article:
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Don't let mortgage penalties catch you off guard – click here to learn how to reduce them.
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Check out our featured video:
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Make the right choice for your mortgage – watch now to learn about fixed and variable rates.
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Important upcoming dates:
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Canada Child Benefit (CCB) Payments:
October 18, 2024
November 20, 2024
December 13, 2024
Want to learn more? Lets talk
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WealthTrack, 3-304 Stone Road West, Suite 150, Guelph, ON N1G4W4, Canada
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