Unprecedented Times, Interest Rates Are Low

Because of everything that is happening in the world, interest rates have been dropping to new lows, but they are starting to increase again.

This might be a time to consider locking in a lower interest rate.

I built a calculator to compare your current mortgage and rate with a potential new mortgage and rate. 

I was chatting, on Friday, with a client who had a mortgage balance of approx $525k.  His penalty to break the mortgage was $4,000 and he would recover that penalty in the next 8 months.

He set up this mortgage in January 2019, so this client is ready to reduce his rate and overall mortgage costs.

You can find the comparison calculator here.

https://mymortgagebroker.com/why-should-you-refinance-your-mortgage/