Understanding the Interplay Between Inflation, Interest Rates, and Mortgages in Canada Welcome to our blog where we delve into the fascinating world of economics and finance. Today, we’re looking at a hot topic that’s on the minds of many Canadians – the relationship between inflation, interest rates, and the impact on both fixed and variable […]
The 4 options to explore Owning a home is a dream come true for many people, but sometimes, the reality of mortgage repayments can be overwhelming. Due to changes in economic circumstances or life events, it may become difficult to keep up with your mortgage repayments. In such a situation, you may be wondering what
This is when you typically change the terms of the original mortgage.
The most common method is borrowing more money and/ or increasing the amortization. You can either go with your existing lender, or go elsewhere to find a much better deal.