CTV News - Mortgage Minute February 11
On this week's Mortgage Minute, Ottawa Mortgage Broker Frank Napolitano sits with Jeff Hopper to talk mortgage renewals.
Click here for the full video from CTV.
With the busy spring market on its way, many Canadians are coming up on renewal time for their mortgages. On this week's Mortgage Minute, Frank talks mortgage rates, renewing, and rate holds.
With fixed rates still at record lows, and variable rates gaining popularity, now is a great time for those who are approaching their renewal date. Frank advises viewers to get started early - find out where you currently stand and talk to your Mortgage Broker to see what kind of rate at which you can renew.
Frank's best advice for those who are renewing soon? Call your Mortgage Broker for a rate hold. A low mortgage rate can be locked in for four months, and if rates happen to decrease further in that period, you're eligible for the lower rate.