Did you know that RRSP time is a great time to get a mortgage? Banks are eager to get your RRSP money so rates are typically at an annual low. Many attractive offers out there right now. So this is the time to get a Mortgage Check Up. See if you can take advantage of the low rates so you too can pay less for your home while you live in it. I find that many clients are able to save thousands in interest costs even with paying the penalty. Never let that amount deter you. Always compare the outstanding balance of your mortgage at the end of the term and the interest costs to your existing mortgage. An Accredited Mortgage Professional can do this for you for free. Even more important is that she should give you independent professional advice that is in your best interest. This is a legal and ethical obligation for all those with an AMP designation. Quite the opposite with bank employees who must represent their employers, the bank.
RRSP time is great for your mortgage
Posted by: Leonore Claypool