AK Mortgages

https://ca.finance.yahoo.com//national-bank-ceo-floats-axi

How to benefit from record low interest rates While average mortgage size and average real estate prices have gone up, interest rates have not. They’ve actually done the opposite. And they have gone significantly lower. We are expecting interest rates to stay low for the next 3 to 5 years. With this in mind you should plan accordingly so that you can benefit, take advantage and build wealth. I wanted to share this info with as many people as possible. This is a once-in-a-l...ifetime situation. It’s not all good. I know that. However if you are able to benefit from this, or ease some financial pressures that you may be experiencing, then don’t hesitate. Should you break the mortgage now and refinance? The answer is probably "yes". However, if your penalty is too high then it may not be worth it. But there are many other factors to consider. Do you want or need to have a lower monthly payment to make your own personal life easier? Are you in a situation where your combined total debts are just too great for you to manage? If you are answering yes then you should consider refinancing. Explore the possibilities and speak with an experienced mortgage broker that can help and guide you to make the right decision for you. What is the product of choice today? Everyone is different and has different needs, goals, wants and objectives. Having said that variable rate is my product of choice. That might surprise many because everybody wants to lock into a fixed rate for security. But I think you’ll do well to consider a variable rate. More on this next time.