What you should know before refinancing your mortgage
Refinancing your mortgage can be a great way to lower your interest rate, consolidate and pay off debts, or even access existing equity in your property. However, there are potential risks and costs associated with the switch.
This article has been updated from a previous version.
Did you know that as a homeowner, you can pay off your current mortgage with a new one that has more favourable terms and conditions?
Refinancing is a great way to lower your interest rate, consolidate and pay off debts, or even tap into some of your home’s equity.
About the author
Zandile is a freelance personal finance journalist. She previously worked as a personal finance writer at LowestRates.ca and before that, the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.
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