08 Nov Key Benefits of Refinancing Your Mortgage in Today’s Market
Posted at 01:02h
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Refinancing your mortgage can be a powerful tool to improve your financial position, and there are several key ways it can benefit homeowners. Here’s how refinancing might work for you:
Secure a Lower Interest Rate: With interest rates trending down, refinancing can lock in a more favourable rate, potentially saving you thousands over the life of your mortgage. With the Bank of Canada aiming to reduce the overnight rate to around 2.75% next year, now may be an ideal time to explore refinancing options for lower monthly payments and overall interest costs.