Fixed Rates Have Dropped - Is Now The Time To Refinance?
Fixed mortgage rates have dropped significantly over the last 6 months.
This could mean that refinancing might make sense for you. Especially for those of you on a variable rate mortgage!
If you've been wanting to do some home renovations, get rid of high interest credit card debt, or take care of other expenses like post-secondary education for the kids, it might be the right time for a refinance.
With rates as low as they are, we are finding that in many cases the interest savings that come with the new lower rate MORE than offset any penalties you would incur to break the mortgage. Are you in a variable rate mortgage? There could be BIG saving's to take advantage of.
Contact me today and I can run the numbers for you and we can determine if a refinance in today's low rate environment is the right move for you.
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