COVID-19 fallout makes a hasty mortgage refinancing tempting — but it could cost you
With the Bank of Canada’s key rate now at 0.25 percent, it’s no surprise that many Canadian homeowners are checking to see if mortgage rates are dropping in response. However, before rushing to refinance your home, give some serious thought to the reasons you are doing so — and the costs compared to the benefits.
Original Article Source Credits: The Star , https://www.thestar.com/
Article Written By : Elaine Smith
Original Article Posted on : April 21, 2020
Link to Original Article: https://www.thestar.com/business/personal_finance/advice/2020/04/21/covid-19-fallout-makes-a-hasty-mortgage-refinancing-tempting-but-it-could-cost-you.html