If you can “afford” for your mortgage interest rate to double, or your borrowed amount to be cut back by $40,000 (or more) go ahead and skip this post. For the rest of us who don’t have that kind of wiggle room with their mortgage renewals, check out this very important video!
[0:50] Learn the three driving forces behind this perfect storm for mortgage renewals!
[1:35] Discover the new things that lenders are dong that we’ve never seen before.
[2:50] Find out what you can do — well in advance — to safeguard your renewal
The bottom line: in the current climate renewing your mortgage is NOT going to work the same as it used to! Be informed. Be prepared. Be smart… and watch the video!
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