Should I Change My Mortgage When Rates are Dropping? – What to Do

Rates are dropping. They're going down fast due to the COVID - 19 outbreak. Right now, prices are changing every single day.

I'm getting a lot of emails and many calls from all my clients, and they're just asking, "Hey Sylvia, can I get a lower rate?" and that's a conversation that we should have. If you are wondering the same thing, it's going to all be dependent upon what your penalty will be.

How much mortgage you have outstanding if you have any debts? So, for example, I did a calculation yesterday for a client, and in the end, it was not worth it based on their penalty and their mortgage amount for them. I said, "No, stay where it is cause it's not worth it for you to break the mortgage."​

If you have any questions about building wealth through real estate connect with me for a free call.

She's Happy To Help

My Personal Story - Investing in Real Estate Almost All of My Life in Toronto

Click the Button to Book a Call

Book a Chat with Sylvia Ho

Click Here to Leave a Comment Below 0 comments

Leave a Reply: