Christopher Liew: Don’t wait for renewal. How to rewrite your mortgage without breaking it - BNN Bloomberg
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Article Excerpt
Christopher Liew is a CFP®, CFA Charter holder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial.
If your mortgage is renewing in the next year or two, you’ve probably already accepted that your payment is going up. The pandemic-era rates aren’t coming back any time soon, and the Bank of Canada held its policy rate at 2.25 per cent on April 29, the fourth consecutive hold.
But here’s a question most homeowners don’t think to ask: what if you didn’t have to wait for renewal? Below, I’ll walk through how blend-and-exten…
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